Courtesy of MarketMontage. View original post here.
Today’s losses have pushed the S&P 500 back to ‘flattish’ for the year – the DJIA is slightly up and the NASDAQ slightly down. Barring any massive move in the next 2 days the “Presidential effect” (3rd year of the presidency showing big gains) will have gone with the wind. This chart Ritholtz posted via Ron Griess of theChartStore shows how we’ve moved over 5000 points this year (and over 3000 since July 1) to get nowhere. The 2nd half of the year has been among the most volatile, yet we’ve more or less gone nowhere. A very difficult market – with a nod to Def Leppard “Chop Chop Til you Drop”
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