Racket wrote:
stop digging wrote:
so in just this year alone, 10 of the Dow’s top 20 worst single-day declines in stock market history:
#1 2/5/18 -1175
#2 2/8/18 -1032
#3 10/10/18 -832
#4 12/4/18 -799
#7 /22/18 -724
#11 2/2/18 -665
#15 10/24/18 -608
#16 11/12/18 -602
#18 4/6/18 -572
#20 11/20/18 -551
Look up it's best days too. The market has rallied like 600+ points at least 3 times this year
The four actual best days (% increase) in Dow Jones history were in 1929-1933 (15+% increase on 3-15-33!). The next two best? Both in October of 2008 (each @ 11%). Then there are 12 days from 1929 - 1932 (actually one 1939 in there) as well as one day in 1987, with the 20th best day in 2009 (6.84% increase).
The worst day ever was a inexplicable (and suspicious) drop of over 22% on 10/19/87 (followed two days later by the seventh biggest gain referenced above).
Note that many of the best days --nearly all of them in fact -- took place during a period of massive market decline (during the Great Depression and 2008 and 2009.
So, if in fact the market is beginning its plunge, we can expect a few days of tremendous (and very short lived) rallies.