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Gold Will Collapse Like Oil Did in 2008: Charts

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Sep.18

2:05 PM ET

Thursday, 18 Sep 2008

Is now the time to buy low?

Posted By:Ariel Nelson | Yolaiki Gonzalez

Topics:Nasdaq | Dow Jones Industrial Average | Stock Market

Companies:General Motors Corp | JPMorgan Chase and Co | Bank of America Corp | Citigroup Inc | American Express Co

While the debate is on whether stocks are at a bottom, there might be a silver lining to the current financial crisis. Wednesday marked the 12th time the Dow & S&P have both been down by more than 7% over the same 3-day period. Whenever that's happened in the past, it's usually been followed by major increases--even a month later.

Take a look at the tables below and see how stocks have fared after big selloffs like the one this week.

Dow [.DJIA Loading... () ]:
- Up on avg 6.48% 1 month later
- Up on avg 8.17% 3 months later
- Up on avg 10.72% 6 months later
- Up on avg 15.32% 1 year later
- Worst 3 day period on 10/19/1987, Down -27.93%, up 22.92% 1 year later

S&P [.SPX Loading... () ]:
- Up on avg 6.86% 1 month later
- Up on avg 9.45% 3 months later
- Up on avg 11.55% 6 months later
- Up on avg 15.05% 1 year later
- Worst 3 day period on 10/19/1987 , Down -26.27%, up 23.07% 1 year later

Nasdaq Composite [COMP Loading... () ]:
- Up on avg 3.39% 1 month later
- Up on avg 10.88% 3 months later
- Up on avg 15.66% 6 months later
- Up on avg 19.08% 1 year later
- Worst 3 day period on 10/20/1987 , Down -22.42%, up 18.48% 1 year later