We just witnessed the Biggest Drop in History

NY_HOOD · Mar 16, 2020

We just witnessed the biggest one day drop in stock market history.
3000 points on the dow.
the most concerning aspect of this drop is that it happened the day after a surprise rate cut of one full point. to me, thats the most ominous part of todays crash.
the fed is in trouble and they know it.

Laissez Faire · Mar 16, 2020

2nd to Black Monday in October 1987 of course.

But yes - an incredible day for sure.

Amun Ra · Mar 16, 2020

NY_HOOD said:
We just witnessed the biggest one day drop in stock market history.
3000 points on the dow.
the most concerning aspect of this drop is that it happened the day after a surprise rate cut of one full point. to me, thats the most ominous part of todays crash.
the fed is in trouble and they know it.

2nd biggest drop in history in terms of percentages. First biggest was Oct 1987. We beat out the crash of 1929 today though, just barely.

Option_Attack · Mar 16, 2020

Yeah big points, but da winna is still 22% in 87. Now that's scary!

Option_Attack · Mar 16, 2020

For many years we've all heard about the antics of the PPT.

Real, or just legend? If real, have they just given up?

RedDuke · Mar 16, 2020

This one is worse from 1987, not in term of percentages, but in psych.

Amun Ra · Mar 16, 2020

Time to revoke freedom of the press. If they didn't exist, and the whole world got CV and 1% died(mostly elderly and sick) we'd literally never notice people dying or getting sick any more than usual.

They truly are the enemy of the people. Really have to feel sorry for the people who were going to retire this year.

Cuddles · Mar 16, 2020

Amun Ra said:
Time to revoke freedom of the press. If they didn't exist, and the whole world got CV and 1% died(mostly elderly and sick) we'd literally never notice people dying or getting sick any more than usual.

They truly are the enemy of the people. Really have to feel sorry for the people who were going to retire this year.

What are you, some sort of fascist POS?

southall · Mar 16, 2020

Amun Ra said:
Really have to feel sorry for the people who were going to retire this year.

You are supposed to cash out of equities atleast 5 years before retirement. So anyone who got greedy and didnt can still cash out today at a higher price than five years ago. No need to feel sorry for them.

southall · Mar 16, 2020

RedDuke said:
This one is worse from 1987, not in term of percentages, but in psych.

NDX is still above 7000. 7000 ffs. We barely got started yet.