The irrepressible Ed Yardeni has a nice line in his Morning Briefing today. Based on his enthusiasm for the film, The Da Vinci Code, he reckons we hit bottom on Monday, so we’re on the way up again now.  When the S&P 500 bounced off its intra-day low of 666 on March 6, 2009 … I wrote: “We’ve been to Hades and back. The S&P 500 bottomed last week on March 6 at an intraday low of 666. This is a number commonly associated with the Devil.  So what is it about Monday’s close that’s bringing out the Tom Hanks symbolist in me again? The S&P 500 dropped 6.66% on that day!  

The irrepressible Ed Yardeni has a nice line in his Morning Briefing today. Based on his enthusiasm for the film, The Da Vinci Code, he reckons we hit bottom on Monday, so we’re on the way up again now. 

When the S&P 500 bounced off its intra-day low of 666 on March 6, 2009 … I wrote: “We’ve been to Hades and back. The S&P 500 bottomed last week on March 6 at an intraday low of 666. This is a number commonly associated with the Devil. 

So what is it about Monday’s close that’s bringing out the Tom Hanks symbolist in me again? The S&P 500 dropped 6.66% on that day!