Sinking Feeling Hits S&P 500 as Buy the Dip Stops Paying Out
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You’re not imagining things: buying the dip really has stopped working in U.S. equities.
It’s not that there are fewer of them -- 2015 has had more down days in the Standard & Poor’s 500 Index than any year since 2002. It’s that declines have gotten longer, averaging 1.9 days, and the rebounds are weakening. At 0.06 percent, the post-dip advance is the smallest in three years.