Madoff Start of April

The Dow is currently on track to have its second best 2-day start to a quarter since 1900. If the Dow were to close at current levels, it would be up 5.28% over the last two days. To be the best start to a quarter, the index would need to close above 8,119. And to drop to 3rd best, it would need to close below 7,973. Below we highlight all 2-day starts to a quarter that have seen a gain of 3% or more. As shown, the best start to a quarter was in April 1938, and the index went on to gain another 26.8% for the remainder of the quarter. However, all other times that the Dow gained more than 4% to start a quarter, the index declined for the remainder of the quarter. Hopefully we track more like Q2 1938 than we do the rest of them.



http://bespokeinvest.typepad.com/bespoke/2009/04/best-2day-starts-to-a-quarter-for-the-dow.html