Economics, Business, Money, Finance : More info on today's Stock Market Drop

More info on today's Stock Market Drop

https://www.yahoo.com/finance/news/biggest-one-day-point-drops-203000848.html

Today's 800 point drop is only the third biggest drop in points in history. But remember that points aren't as important as they used to be because the market is so HIGH.

The more important barometer is the % of the drop. The largest one day drop in percentage occurred on Monday Oct 19, 1987 (Black Monday), when the Dow lost 22% of its value in one day. A lot of this was caused by computer trading. Fixes for that were put in place in 2008 I believe.

I "lost" a bunch of money on that day. But it's only a "paper loss" until you sell. Then it becomes a real loss. I did not sell, and the entire amount was recouped in about 11 months.

So don't panic. The sky has NOT fallen. The market WILL recover, we just don't know when.




😺 Schrodinger's Cat walks into a bar, and doesn't. 🤨 Let's go, Brandon! 🤨 Try that in a small town.

Re: More info on today's Stock Market Drop

Of course. Trump is president and Republicans have most of the power.

Re: More info on today's Stock Market Drop

Yes! Thank God!

Okay. But it was already WAY UP, before the correction.

These things happen all the time. As I said, it's not important when a correction occurs, it's when the recovery occurs. The Market WILL recover, we just don't know when.




😺 Schrodinger's Cat walks into a bar, and doesn't. 🤨 Let's go, Brandon! 🤨 Try that in a small town.
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