Down goes the Dow

^You’re

Hipster investments like Bitcoin eating it.

DJIA at close 1987-10-19: 1,738.74

DJIA at close 2020-03-12: 21,200.62

More than 12 times your money in 33 years.

Sounds like a good deal to me.

the idiot wrote:

Uncle B wrote:Biggest one day point loss in history.

At the risk of repeating myself, this is a meaningless metric, what's pertinent is the % change. There have been 10% or greater daily changes in the past, but they are exceedingly rare.

Did U not read the preceding post?

Last minute spurt clinches a 10% Dow loss for the day (okay, 9.99%).

Total point loss: 2,350.

% loss = number 4 all time behind two at the start of the Depression and that one day plunge in 1987 (what went on there?). Worse than any day in 2008.

DanM wrote:

DJIA at close 1987-10-19: 1,738.74

DJIA at close 2020-03-12: 21,200.62

More than 12 times your money in 33 years.

Sounds like a good deal to me.

How about 29,500 to 21,500 in three weeks?

Sounds like a bad deal to me.

Only those who just began investing 3 weeks ago, and who bought only US equities, have experienced that loss. And even at that, they have not necessarily realized any of that loss.

Having said that, futures down a bit, but anything can happen. This has been a deep cut, and people are understandably gun shy—me included. Now looking to early next week for possible buying, after a weekend of research—but only possible, probably not. Deep cut.

Futures dropping, down about 350 atm

[quote]Maserati wrote:

Only those who just began investing 3 weeks ago, and who bought only US equities, have experienced that loss. And even at that, they have not necessarily realized any of that loss.

That's not true.

The market is back where it was 2.5 years ago,

DanM wrote:

In 124 years, the DJIA had 15 of it's 20 BEST days during the depths of the Great Depression from 1929 to 1933. Only 7 of it's 20 WORST days occured during that same time period.

This current overreaction will reverse and the bulls will come charging back.

So you hope the market behaves as it did during the years 1929 to 1933?

You may get your wish

S&P 500 Index Return: 20 Year ~ 3%, 5 Year ~ 4%

i bet you bitcoin is down for two reasons - mostly because there will be a rush to cash as everyone wants liquidity to buy the rebound in the stock market (when it happens), and probably some liquidating because they are getting margin calls in their brokerage accounts(?).

Anyway, these days cash is king.

Irony Mann wrote:

Ghost of Igloi wrote:

I know you’re Detector Dude, winner of the Obsessed Turd of the Year!

I know you’re John Hussman, winner of Best Investment Manager 2020!

Up +14

% year-to-date

Giles Corey wrote:

[quote]Maserati wrote:

Only those who just began investing 3 weeks ago, and who bought only US equities, have experienced that loss. And even at that, they have not necessarily realized any of that loss.

That's not true.

The market is back where it was 2.5 years ago,

The Dow was 29,500, 2.5 years ago??

Maserati wrote:

Giles Corey wrote:

[quote]Maserati wrote:

Only those who just began investing 3 weeks ago, and who bought only US equities, have experienced that loss. And even at that, they have not necessarily realized any of that loss.

That's not true.

The market is back where it was 2.5 years ago,

The Dow was 29,500, 2.5 years ago??

More like 22,400 2.5 years ago. Not a huge drop.

Nikkei -9.27%, Kospi -6.44%, ASX -7.67%, Topix -8.67%,

Dow headed for 12,000? Anyone want to speculate on the final number?

old math professor wrote:

Dow headed for 12,000? Anyone want to speculate on the final number?

Sure, 29,200 by August 15.

You’re delusional, more likely 15,500.

30,000 on October 12. Trump wins a 2nd term 3 weeks later.