Dow’s losing streak now in ninth day - MarketWatch First Take - MarketWatch: "The stock market is poised today to do something it has not done in over 33 years: Decline for nine straight sessions.
The last time the Dow Jones Industrial Average DJIA -4.31% did that, in fact, was Feb. 22, 1978, when Jimmy Carter was president and the country was struggling to come to grips with a period of anemic economic growth and high inflation.
Isn’t it comforting to know that we’ve made such progress over the last three decades?
Actually, about the only thing that is comforting in the historical data on Dow losing streaks is that many of them have occurred near major bear-market bottoms."
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