Here is an interesting fact----

the indices had their largest percentage new year debut loss since 1983. wednesday the dow was down 221.

 

how did 83 unfold?

 

i'm actually trying to find that out myself.

 

prior to 1983?

 

http://www.paradigmbook.com/dowcharts.html

 

be interesting to see where 1982 was though. if it was a horrible year then perhaps a bounce was due for 1983. 2008 is a whole different animal.

 

August '82 was the start of the bull market that lasted through 2000

 

here's the chart

 

thanks