Third Largest one day gain in the s&p 500: October 13th 2008 with a gain of 11.58%.

The market hit a low of -40% from all time highs at the time before making a 11.58% move upward in a day off of that low. This was far from bottom. In a very volatile, nonlinear fashion the market continued downward and bottomed -57% from all time in March 2009, 5 Months after the third largest one day gain in history. Today was top 5 in history.

The market fell 32% from the local high the market made shortly after the historic day. It fell over 20% further from the low before the historic day.

Take that as you will. Share your thoughts