Today’s action on the NYSE produced the third largest number of new lows in a trading day, since 1980.
1,149 new 52-week lows.
08/31/1998 had 1,183 new lows.
10/20/1987 had 1,174 new lows.
The only other times there were over 1,000 new lows on the NYSE were on 8/16/2007 (1,132) and 1/22/2008 (1,117).
This sort of puts into perspective how bad and how oversold things have gotten in the past year.
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