STOCKS GET CRUSHED: Here's what you need to know

Phill Twist · Jan 4, 2016

It was not a good start to 2016 for the stock market.

Stocks in the US followed markets in Asia and Europe lower to start the year deep in the red as the S&P 500 had its worst opening day since 2000 and the Dow had its eighth-worst first day of trading ever. http://www.businessinsider.com/closing-bell-january-4-2016-1

lindq · Jan 4, 2016

Phill Twist said:
It was not a good start to 2016 for the stock market.

Actually, it was an excellent start for trading volatility. But, that's what makes a market. There's always money to be made somewhere.

debitspread · Jan 4, 2016

@Phill Twist: Not sure what the point is of posting general news items everyone already knows.

lwlee · Jan 4, 2016

People have no sense of proportion. Market keep going higher. Markets then drops 300-400 points. Oh god, the market got "crushed". Please. It was a 1.6% downward movement. Shanghai dropped 6.8%, that's more like being "crushed".

From this point forward, people should think in term of percentage drops. When we start getting towards the 10% percentage move, then you can get slack-jawed.

ETcallhome · Jan 4, 2016

lwlee said:
People have no sense of proportion. Market keep going higher. Markets then drops 300-400 points. Oh god, the market got "crushed". Please. It was a 1.6% downward movement. Shanghai dropped 6.8%, that's more like being "crushed".

From this point forward, people should think in term of percentage drops. When we start getting towards the 10% percentage move, then you can get slack-jawed.

I've been waiting for that health restoring correction of 10 to 20% for a long time. Going on 7 years. I'd hardly call 6.8% crushed. Sometimes markets correct by just not going anywhere for a while.

lwlee · Jan 4, 2016

ETcallhome said:
I've been waiting for that health restoring correction of 10 to 20% for a long time. Going on 7 years. I'd hardly call 6.8% crushed. Sometimes markets correct by just not going anywhere for a while.

Imagine if the OP lived during the 1929 crash when it dumped what 30%? OP would prob drop dead, lol

der_kommissar · Jan 4, 2016

lwlee said:
Imagine if the OP lived during the 1929 crash when it dumped what 30%? OP would prob drop dead, lol

It's all relative...There was a 4-5 year span between 2003-07 when the S&P did not have one single 2% close to close decline...Within a year, we saw 2% hourly swings...Suppressing volatility with overly loose monetary policy has repercussions.

Chewy · Jan 5, 2016

lwlee said:
People have no sense of proportion. Market keep going higher. Markets then drops 300-400 points. Oh god, the market got "crushed". Please. It was a 1.6% downward movement. Shanghai dropped 6.8%, that's more like being "crushed".

From this point forward, people should think in term of percentage drops. When we start getting towards the 10% percentage move, then you can get slack-jawed.

Did anyone watch the 23% drop in 1987. Now that was a drop!

lawrence-lugar · Jan 5, 2016

STOCKS GET CRUSHED: Here's what you need to know"

...what a stupid headline title. meant to just grab attention/eyeballs/readers.
i hate reading financial news writers stuff. after a while...they all seem like bobbleheads...you just feel like stomping on them.
(they can't trade for sh*t )

they're just regurgitating economic reports (which you can see yourself on http://www.briefing.com/investor/calendars/economic/) and reporting on everything in hindsight when it's all crystal clear like they're expert geniuses with great foresight.