The SP 500 Posts its 33rd Best Daily Return since 1950
Durham, NH March 12, 2008 -- E.B. Capital Markets, LLC, an independent research firm serving institutional portfolio managers, has released a free 2 page S&P 500 report which summarizes the historical returns of the S&P 500 for 1, 3, 7 and 30-day periods following an up 3% or greater day in the market. Since 1950, only 65 days have enjoyed a 3% or greater daily return in the S&P 500. March 11, 2008 marks the 33rd best daily return in the S&P 500 since 1950. The 3.71% return is the highest return since October 15, 2002.
On average, the S&P 500 has closed higher 1-day, 3-days, 7-days and 30-days following a +3% or more daily return. The average return of the S&P 500 30 days following an up 3% or greater daily return is +1.97%. Historically, the market has traded higher 7 days following an up 3% or greater day 68% of the time. 30 days following the up 3% day the market has risen at least another 3% nearly 50% of the time. This free report is available by contacting http://www.ebcapitalmarkets.com.
"Information is critical during seas of volatility, and we're in one of the stormiest periods in recent history " said Todd Campbell, President & Founder of E.B. Capital Markets, LLC. "This report provides investors with a valuable free history lesson - a lesson which can help them profit from big market moves." Mr. Campbell added, "It is much more likely, historically, for the market to trade higher a month from now than to trade lower."
For additional information on the free S&P 500 report, contact Todd Campbell or visit http://www.ebcapitalmarkets.com.
About E.B. Capital Markets, LLC:
E.B. Capital Markets, LLC is an independent research firm providing equity research to institutional money managers including mutual, hedge and pension funds. Founded in 2003 by 10-year industry veteran Todd Campbell, E.B. Capital Markets, LLC provides fundamental, technical and seasonality research.
The SP 500 Posts its 33rd Best Daily Return since 1950
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