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"At least for today you can add China to the list of concerns that have failed to knock U.S. stocks for an extended loss.
Three hours after the S&P 500 careened through its 200-day moving average and erased its gain for the year, the gauge rallied back to wipe out the entire 1.5 percent retreat. It marked the first time since May 2012 that the benchmark index erased a loss of more than 1.5 percent in one session.
Though signs of fragility abound, the S&P 500 held its ground and remains locked in the tightest trading range since 1927. The rebound interrupted a global selloff that sent benchmark indexes down 1.6 percent in Japan, 2.4 percent in Hong Kong and more than 3 percent in Germany and France."
Dow & S&P haven't moved very much in several years now. Heck, a 1,000 drop in the Dow from recent highs would represent only about a 5% dip - tame by historical standards.
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Dow & S&P haven't moved very much in several years now. Heck, a 1,000 drop in the Dow from recent highs would represent only about a 5% dip - tame by historical standards.
The reference to '27 is interesting.