imho this list was the best part; for some reason ig named Greenspan's ill fated rate hike shock (worst in history) as just "Crash of 1987".
Maybe the author didn't know the facts or he worships Sir Alan.
Posted on 06/28/2016 4:27:45 AM PDT by expat_panama
How long will the Brexit meltdown continue? How far will the market fall?
It's impossible to say for sure, of course. But if history is any guide, then you should expect about a month of market weakness and nearly an 11% decline before the next upturn.
WPERS_01_062716This could help guide any post-Brexit investment moves you're weighing.
Friday's 3.6% tumble in the market -- measured by the S&P 500 -- jibed closely with the 3.5% average first-day market decline sparked by all sorts of shocking stock market news since World War II. That includes bombings and assassinations, according to a Monday morning report by Sam Stovall, U.S. equity strategist for S&P Global Market Intelligence.
How much worse will things get? The S&P 500 lost 1.8% Monday. Historically, the market fell a total of 10.3% on average during the first 32 days after a notably jarring event. Capture short term gains with SwingTrader! Try us free for 14 days.
On average, it took the market 113 days after the 32-day downturn to rally back to its initial pre-shock level. Many experts caution mutual fund investors against going to cash precisely because it is impossible to know for sure when the next rally will begin.
Meanwhile, how badly was Wall Street walloped on Friday's compared to other first-day market meltdowns since World War II? Of the 20 postwar events analyzed by Stovall, Friday's 3.6% Brexit breakdown ranked number seven.
Its first-day market impact was smaller than the next deepest dive, which was a 4.4% decline after the Japanese attack on Pearl Harbor that drew the U.S. into World War II.
The worst single-day decline was the 20.5% plunge that marked the Crash of 1987 on Oct. 19 of that year.
(Excerpt) Read more at investors.com ...
imho this list was the best part; for some reason ig named Greenspan's ill fated rate hike shock (worst in history) as just "Crash of 1987".
Maybe the author didn't know the facts or he worships Sir Alan.
Why all the panic? The rich guys must be laughing their asses off. Not to mention making a killing manipulating the markets.
No means a pro here but some cash on the side lines will be added to VDIGX or VWINX in about 2/3 weeks,May even DCA weekly for a while?
I bought 19 months of MREs, 2,000.00 of gold, a water purifier, and put all of my remaining money in Swiss Francs.
Then I realized that nothing has remotely changed here in N. America because of this.
Good morning and welcome to day three! Stocks fell another 2 or 3 % in heavy volume and IBD is officially calling this "market in correction" --AKA red light means stop!
...and that's not all, this morning's future's see stock indexes at -2.26%!
Gold'n'silver look good tho, now trading back up at $1,208.93/$17.67...
Whoa, we got GDP finals, ya can't buy entertainment like this:
8:30 AM GDP - Third Estimate
8:30 AM GDP Deflator - Third Estimate
9:00 AM Case-Shiller 20-city Index
10:00 AM Consumer Confidence
Short sales anyone?
Meanwhile:
Brexit Means Much Less Joy for Global Investors - Doug Kass, RealMoney
How Smart Money Got Brexit Vote Wrong - Daniel Gross,Strategy+Business
The Start of Brexit's Economic Disaster - Philippe Legrain, New York Times
Brexit, and the Year of Living Improbably - Niall Ferguson, Boston Globe
O's Greatest Legacy: Entrepreneurship - Vivek Wadhwa, Washington Post
Obama Fails to Rule Out Working on Wall Street - Ira Stoll, New York Sun
'Pro Growth' & Trump Is Very Wishful GOP Thinking - John Tamny, RCM
How Greens Increase Greenhouse Gases - Mark Perry, Washington Times
Is the Middle Class Moving on Up? - Robert Samuelson, Washington Post
We had to thro ours out --after about a dozen years on the shelf they don't taste as good....
Uh huh...
The euro-markets are all rebounding.
UK +2.47
France +2.55
Germany +2.03
France and Germany both have bigger losses to erase than the UK does, which were minimal to start with.
The DOW futures market is up 176 points.
Wrong. Down 260.51
Wait, my apologies, you are right and I’m wrong, got the close. Sorry
The elites will make sure us commoners understand the harm done by going against the wishes of the elites. The elites’ investments will be safe while commoners suffer. Once their point is understood things will go back to normal.
I have one stock I like, with some potential to be bought out. Small trader me bought a few hundred more shares of it. There doesn't seem to be much downside risk to it.
What's interesting is that gold and silver are attracting more people. Folks who bought into those the past few years are doin' okay.
I hope George Soros lost his ass, but I am sure that is not the case.
Yep - and today the futures are up by almost 200 as the "crisis" sits inertly.
Let her crash - none of us should give a damn about the rip-off elites or the hundreds of billions they'll lose.
The market has become an extension of totalitarian globalist propaganda. Only real people get hurt when they are taken for these rides.
History doesn’t predict anything. Anyone who says that is stupid.
Huh. Yesterday at the super market I didn't see that at all, but you probably mean the folks who've bot and sold corporation shares.
We sure hope you're not including the owners of Smith & Wesson here...
The media and liberals are once again just hoping for mass pain and suffering caused by total economic and market collapse. But don’t worry, they are fighting for us.
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