The indexes finally had a down day, not much, but red. The Dow is still up 4% in the first quarter of 2010. Remember yesterday’s blog entry about feeling like a flashback to 1999? Well, the last time the Dow did this good was….drum roll please….1999!
Thursday brings the weekly report on initial jobless claims, February’s construction spending, the Institute for Supply Management’s manufacturing index, automobile sales for March and the nat gas report.
From the Stock Trader’s Almanac — First trading day in April, Dow up 12 of last 15. In 2008 up +3.2%, in 2009 up +2%. Nasdaq up 13 of 15 on the day before Good Friday and 9 straight since 2001.
The day after Easter is the worst “day-after-holiday” day. The S&P down 17 of last 26. What moshes this all up is that the month/quarter end is mixed in with a holiday. We’ll have to see how this gets written up in the history books.
On to the 2nd quarter…..
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
0 Responses to “Finally”