Credit to Merrill’s David Rosenberg for this little factoid:
The Dow surged 331 points – moves like that typically take place in bear markets.
See the table below – there have been six of these sessions since the bear
market began a year ago; there were absolutely none in the 2002-07 bull market.
The markets just get more volatile in a bear trend, with big swings both ways. The 2000-2002 bear market saw three separate rallies of 20% or more, with each one rolling over into a spectacular waterfall:
Click image for sharper view. Source: Yahoo! Finance
