Research from Bloomberg shows:
- “Since 1951 there have been 57 four-standard-deviation-plus trading days for the S&P 500. Four of them have been since August 4.
- Such events statistically are supposed to happen only once every 100 years.
- The largest move in the recent series came on August 8, when the S&P 500 lost 6.7 percent. That’s the equivalent of a 6.2-standard-deviation move, which should occur only once every 2 million years.
- The largest single move since 1951 was on Oct. 19, 1987, when the S&P lost 20.5 percent in a single session, the equivalent of 20 standard deviations.”
The contents of this message are private and confidential and intended for the recipient only.
Every major American, EMEA and Asian market down…except Philippines. We are slowly selling gold. Quietly. It may reach $2500. But we’d rather not wait.
A spot of supper in chennai (madras) some emails and finalize meetings to rip-roar into an exciting week ahead.
1. Regardless of non-farm payroll figures – the market wants to take money off the table.
2. It is as cheap as chips