via Jon Krinsky at MKM Partners:
For those wondering, the last three years where the SPX started off with 3 straight down days were 2005, 1991, and 1985. Full year returns were +3%, +26.31%, and +26.33% respectively. 1991 actually started off with 6 straight down days (-5.80%), and then rallied ~19% by early February.
Some good reads for this evening:
- Since the market is clearly going to zero, should we all sell our stocks now? (Irrelevant Investor)
- Matt Taibbi on why Jets fans still love Rex Ryan (Grantland)
- 10 Women In Finance To Follow On Twitter (Benzinga)
- 5 Amazing World War II Stories That Deserve to Be Movies (Vanity Fair)
- Report: Girlfriend Probably Reading Some Book Called ‘The Midwife’s Promise’ (The Onion)
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