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  #1  
Old 02-05-2018, 04:08 PM
KarlC KarlC is offline
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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
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  #2  
Old 02-05-2018, 04:15 PM
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BdaGhisallo BdaGhisallo is offline
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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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Old 02-05-2018, 04:27 PM
kppolich kppolich is offline
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Quote:
Originally Posted by BdaGhisallo View Post
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.
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  #4  
Old 02-05-2018, 04:35 PM
adub adub is offline
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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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Old 02-05-2018, 04:35 PM
KarlC KarlC is offline
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Quote:
Originally Posted by BdaGhisallo View Post
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
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Old 02-05-2018, 04:39 PM
makoti makoti is offline
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Quote:
Originally Posted by adub View Post
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.
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Old 02-05-2018, 04:41 PM
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Seramount Seramount is offline
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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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Old 02-05-2018, 04:43 PM
adub adub is offline
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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.
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Old 02-05-2018, 04:50 PM
djdj djdj is offline
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Quote:
Originally Posted by Seramount View Post
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!?!
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Old 02-05-2018, 04:53 PM
Ken Robb Ken Robb is offline
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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!
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  #11  
Old 02-05-2018, 04:55 PM
Big Dan Big Dan is offline
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Who was pimping the market?
I forget.....
help


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Old 02-05-2018, 04:55 PM
echappist echappist is offline
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Quote:
Originally Posted by djdj View Post
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

Last edited by echappist; 02-05-2018 at 04:58 PM.
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  #13  
Old 02-05-2018, 05:04 PM
ptourkin ptourkin is offline
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And Kai Ryssdal is off today. I feel cheated.
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  #14  
Old 02-05-2018, 05:10 PM
cnighbor1 cnighbor1 is offline
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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
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  #15  
Old 02-05-2018, 05:11 PM
dbnm dbnm is offline
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bitcoin!
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