Biggest One-Day Drops

[MarcATL]

In Dow Jones History...

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[OKTexas]

In Dow Jones History...

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What's wrong little one, can't post the % of the decline? A 1100 point drop from 25000 is not much different than a 700 point drop from 18000. A 3-5% correction to a bull market isn't unusual.


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[S.J.]

Ever hear of "correction"? How about "profit taking"? No? I didn't think so.

 

[IsaacNewton]

In Dow Jones History...

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We already need to add a correction. Feb 8, 2018, 1,032 point drop, Trump. The winning never ends.

 

[TemplarKormac]

Wait, I thought this was Obama's stock market? What changed? Oh, the president did.

 

[ABikerSailor]

Well, we were told that everything under Trump would be the biggest.

Guess that means stock market drops as well.

 

[TemplarKormac]

In Dow Jones History...

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I know you like to lie to people, and I know you're dumb enough to equate the function of the economy with that of the stock market, but perhaps you should educate yourself before you start citing memes from those occupy idiots.

List of largest daily changes in the Dow Jones Industrial Average - Wikipedia

Let's take a look at the percentage losses dating back to 1929. The two 4% plus drops under Trump don't even register. Why? Consider where the Dow started when this began: 26,061.71.

But since, by this point, you're still shaking your head, consider the math.

Last Friday the Dow dropped 1,175.32
Yesterday the Dow dropped 1,032.89

Add those together and we get 2,208.21.

Now, let's do some more math, shall we? 2,208.21 is what percent of 26,061.71?

It's roughly 8.5% (Overall for the past 5 days the market has actually lost closer 10%, but for the sake of brevity...)

In the week of the great crash of 1929, the market proceeded to lose a quarter of its value. By mid November of that same year, the market went on to lose half of its value.

Do you know how many points it would take in order for this market to lose another 40% of its value? 9,544.18. Let's take yesterday's close and subtract another 40%.

23,860.46 - 9,544.18

=14,316.28

I suggest you do your research on Irving Fisher before you start making economic predictions. If you don't know who he is, go look him up. He's a rather infamous figure in American economic history.

 

[S.J.]

Wait, I thought this was Obama's stock market? What changed? Oh, the president did.

If the Dow is up, it's Obama's stock market. If it's down, it's Trump's. Liberal logic, don't argue with it.

 

[Siete]

Wait, I thought this was Obama's stock market? What changed? Oh, the president did.

market going up - Thank you Trump - fuck you Obama

market setting recent record day losses - wait, its Obamas market.

the market guru - genius Mr Dow Joans himself saved the country with 1000 dollar bonuses .

 

[Harpy Eagle]

Wait, I thought this was Obama's stock market? What changed? Oh, the president did.

If the Dow is up, it's Obama's stock market. If it's down, it's Trump's. Liberal logic, don't argue with it.

or for the Trump zealots...

If the Dow is up, it's Trump's stock market. If it's down, it's Obama's. Partisan logic, don't argue with it

 

[Mac1958]

I do love corrections.

Flush out the dumb money and find buying opportunities.

 

[JoeB131]

Wait, I thought this was Obama's stock market? What changed? Oh, the president did.

well, no, you see what happened, couch boy, is that they finally figured out that with 2.3% GDP Growth, there was nothing that really rationalizes a 20% increase in the Dow. So one more time, the fact cats will get rich and all the suckers with their 401K's will take a bath.

 

[JoeB131]

I do love corrections.

Flush out the dumb money and find buying opportunities.

Yeah, fuck those old people living on their pensions!

 

[Mac1958]

Partisan logic, don't argue with it

The crazies can have their little slap fights and play their little partisan blame games.

Corrections are good and healthy for the market and for everyone in it. Anyone who doesn't understand that is simply ignorant.
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[gipper]

I do love corrections.

Flush out the dumb money and find buying opportunities.

When is a correction more than a correction? Is it when not only dumb money but smart money, leaves the market? And are there any indications smart money is pulling out?

 

[Mac1958]

When is a correction more than a correction? Is it when not only dumb money but smart money, leaves the market? And are there any indications smart money is pulling out?

I'd get nervous if we got to 18% to 20% down. Right now we're a little over 10%, and I'll be buying back in for clients (along with interest rate hedged bond ETF's), with trailing stop limit orders for protection.

Between 5/21/2015 and 8/25/2015, the S&P was down 12.05%, and we came shooting back.

The only people really screaming and celebrating are the partisans who are hoping for the worst, as we see on this thread, just as some were hoping for the worst in 2015.

Silly stuff.
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[ABikerSailor]

Well, we're almost 500 points down again today.

 

[martybegan]

In Dow Jones History...

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Lol, occupy democrats.

Now how about by percentage?

1 1987-10-19 1,738.74 −508.00 −22.61
2 1929-10-28 260.64 −38.33 −12.82
3 1899-12-18 58.27 −7.94 −11.99
4 1929-10-29 230.07 −30.57 −11.73
5 1929-11-06 232.13 −25.55 −9.92
6 1932-08-12 63.11 −5.79 −8.40
7 1907-03-14 76.23 −6.89 −8.29
8 1987-10-26 1,793.93 −156.83 −8.04
9 2008-10-15 8,577.91 −733.08 −7.87
10 1933-07-21 88.71 −7.55 −7.84
11 1937-10-18 125.73 −10.57 −7.75
12 2008-12-01 8,149.09 −679.95 −7.70
13 2008-10-09 8,579.19 −678.91 −7.33
14 1917-02-01 88.52 −6.91 −7.24
15 1997-10-27 7,161.15 −554.26 −7.18
16 1932-10-05 66.07 −5.09 −7.15
17 2001-09-17 8,920.70 −684.81 −7.13
18 1931-09-24 107.79 −8.20 −7.07
19 1933-07-20 96.26 −7.32 −7.07
20 2008-09-29 10,365.45 −777.68 −6.98

 

[JoeB131]

I'd get nervous if we got to 18% to 20% down. Right now we're a little over 10%, and I'll be buying back in for clients (along with interest rate hedged bond ETF's), with trailing stop limit orders for protection.

Between 5/21/2015 and 8/25/2015, the S&P was down 12.05%, and we came shooting back.

The only people really screaming and celebrating are the partisans who are hoping for the worst, as we see on this thread, just as some were hoping for the worst in 2015.

Silly stuff.

naw, man, the Silly stuff was that people were claiming that Trump's daily assaults on common decency were okay because he inherited a good market.

Trump's behavior was unacceptable in a bull market, it was unacceptable in a bear market.

What's truly fucked up is people like you saying, "As long as I can make money, it's all good!"

 

[BluesLegend]

Liberals LIE shocker, the truth is Obama was still worse than Trump, percentage drop in the Dow read it and weep you lying hack liberals.

-5.55% Obama 2011
-4.62% Obama 2011
-4.60% Trump 2018
-4.15% Trump 2018