P Spx: Index and Eurozone Economy

p spx: The last time the index fell for seven straight days was in late November 2011, when the market tanked 8.6%. Back then investors were gripped by fears over the eurozone economy and the so-called fiscal cliff in the U.S. The S&P 500 index SPX, -0.44% finished 2011 flat, according to Market Watch. But the current pullback is very shallow, with the index down only 2.5%, having fallen less than 1% on each of those days. The benchmark index fell 0.7% to 2,097.94, a seventh consecutive daily loss. Perhaps even stranger is the fact that the S&P 500 SPX, -0.44% has been positive at some point in each of the last seven sessions before ending in negative territory. The average decline during those streaks was 6.2%. The worst 7-day cumulative decline was in October 2008, when the market dropped 22% in the midst of the financial crisis. According to Ryan Detrick, senior market strategist at LPL Financial, there were 92 previous times since 1928 when the benchmark index fell for seven straight days. (news.financializer.com). As reported in the news.