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S&P 500 Slips into Bear Territory on Worst Christmas Eve Trading Ever

It was the worst Christmas Eve trading session ever.
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit Sitka Pacific's Investment Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific. I am also a contributing "professor" on Minyanville, a community site focused on economic and financial education.
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit Sitka Pacific's Investment Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific. I am also a contributing "professor" on Minyanville, a community site focused on economic and financial education.

The S&P 500 went into bear market territory today on the worst Christmas Eve trading session ever, percentage-wise.

Nasdaq Composite Bear Market

Nasdaq 100 Index Bear Market

Dow Hangs By Thread

Russell 2000 Bear Market Accelerates

Amazon Bear Market

If you thought Amazon was a buy at $2000, you thought wrong. Expect another 60% decline or more, from here.

Christmas Eve Scorecard

  • S&P 500: -2.71
  • Nasdaq Composite: -2.21
  • Nasdaq 100 Index: -2.43
  • DOW: -2.91
  • Russell 2000: -1.95

According to the Financial Times, this was the worst Christmas Eve session in history.

Mike “Mish” Shedlock

This article was originally published at Mish Talk.

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