OT - Dow plunges 1,175 - worst point decline in history

[KarlC]

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

[BdaGhisallo]

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.

[kppolich]

Originally Posted by BdaGhisallo

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.

agreed, % drop is where it's at. Not a whole lot to see here except the first "big" losing streak in a long long long time.

[adub]

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..

[KarlC]

Originally Posted by BdaGhisallo

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.

Yep, they just focus on the Point drop to make headlines

[makoti]

Originally Posted by adub

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..

Because it IS the largest point drop. That's fact. Is it as bad as prior drops? Maybe not, but it SOUNDS worse. Can't see stating facts T-bashing.

[Seramount]

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...

[adub]

Originally Posted by makoti

Because it IS the largest point drop. That's fact. Is it as bad as prior drops? Maybe not, but it SOUNDS worse. Can't see stating facts T-bashing.

Ya and during the hurricanes CNN was reporting the total rainfall in Millimeters rather than inches..

The "news" is all about making things seem worse than they are, the CNN headline is a prime example.

[djdj]

Originally Posted by Seramount

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...

No, we strong-kneed types will stay off the couch and ride the market all the way to the bottom! Who's with me!?!

[Ken Robb]

Originally Posted by djdj

no, we strong-kneed types will stay off the couch and ride the market all the way to the bottom! Who's with me!?!

geronimo!

[Big Dan]

Who was pimping the market?
I forget.....
help

[echappist]

Originally Posted by djdj

No, we strong-kneed types will stay off the couch and ride the market all the way to the bottom! Who's with me!?!

nah, i'm about to rebalance in favor of equities when the S&P dips 10% beneath its high

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

[ptourkin]

And Kai Ryssdal is off today. I feel cheated.

[cnighbor1]

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

[dbnm]

bitcoin!