OT - Dow plunges 1,175 - worst point decline in history
Dow plunges 1,175 - worst point decline in history
http://money.cnn.com/2018/02/05/inve...nes/index.html This is why the Dow is plunging http://money.cnn.com/2018/02/02/inve...ex.html?iid=EL |
Point drop is not important - percentage drop is what you should track.
The 1929 crash that spawned the Great Depression was only about 180 points. |
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CNN has been announcing all afternoon "Largest Single Day Point Decline Ever"
I guess just calling it what it is in actual terms does not have such a captivating (AKA; Trump bashing) headline.. |
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so, will all the weak-kneed types rush to their fainting couches and dump holdings tomorrow to add a little gasoline to the fire...?
seems like that's the usual scenario on big drops... |
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The "news" is all about making things seem worse than they are, the CNN headline is a prime example. |
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Who was pimping the market?
I forget..... help :eek: |
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but really, I have the luxury of time when i make this statement. Doubtful i'd be as bullish if i were nearing retirement. Also, the Dow is a pretty meaningless index. Doesn't really capture the whole effect of the market and isn't even weighted by capitalization. Always use the S&P as a guide; in which case, top 20 in terms of single-day percentage loss |
And Kai Ryssdal is off today. I feel cheated.
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Yes
Yes that is why all my IRA and in with Merriman LLC Seattle are in a timed account they go out in 25% increments Use only Mutual fund and EFTS
http://www.merriman.com/ Yes many articles state market timing doesn't work but it is all in the details of how it is used |
bitcoin!
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