Dow Crashing

[PhatMack19]

Step away from the ledge.  Bad last 2 days on Wall Street

[PhatMack19]

Largest point drop in history in 1 day.  Percentage wise not close.  

[PhatMack19]

Market closed Down 1175 about 4.62%

[stevenash]

This was one of the longest periods in history ( over 400 trading days) that there has not been a 5% correction.  Trump took office with Dow at 18.000.  Use todays close and do the math.  A very good return

[baddog]

Dow Swings 1,000 Points, Finishes 2.3% Higher - The Wall Street Journal

This is the hidden content, please

• Sign In
• or
• Sign Up

[Reagan]

Not saying this is what totally caused it but Janet Yellon's statement concerning future inflation did have an effect on the market.  Some are thinking that this was intentional because Trump didn't re-appoint her. 

[Ty Cobb]

What is typically the cause of the Dow going up or down? What makes it move?

[stevenash]

I believe that in this case, it was mostly attributable to programmed algorithmic trading where machines are basically making a buy/sell decision based upon a complex set of numbers/calculations and when it gains a little momentum in one direction, it tends to feed on itself.  This was way overdue.  I believe this is one of the longest periods on record without a 5% correction/decline taking place.

[PhatMack19]

Dow crashing again.  It’s been a rough week.

[stevenash]

IN terms of percentages, there is nothing unique about this one.

[baddog]

I never panicked. I have recovered about 30% of what I lost during the decline. Things will be ok. I look at it this way.....I had way more than I was expecting anyway. It was a fun ride and now it will find normalcy.

[stevenash]

Half of the decline has been recovered and more to come.  Markets have come so far, so fast that an event like this  was to be expected.  Today will be the fifth straight positive day for the markets.

[Whoa]

On ‎2‎/‎9‎/‎2018 at 7:38 PM, stevenash said:

IN terms of percentages, there is nothing unique about this one.

2004 lost about 1/2 recovered by about 2010.   I am up as of yesterday from the bad days last week or so.  Don't sell don't lose kinda mind set Up 306.95 today