Good thing that trading stops at 4 PM today.
Of course, the Dow can start all over again on its free fall tomorrow when the market opens....
I thought the bottom would be about 9,000, now it looks more like 7,500. This was a “head and shoulder” decline. But one forgets where the first part of the “head and shoulder” should be located. We seem to getting more and more steps.
Have we lost 25% of the original peak yet? Seems like we should be a little past that.
14000-25%=10500............YEP, GONE..............
In the last year the market has fallen 30+%. The hysterical media is driving this too.
The peak a year ago was about 15,000. By this morning, we were down about 35%. Now it looks like we might end up down 50% from last year’s high before this is over. Doesn’t look good. Of course in the long run, things will improve, but a lot of people will be dead by then, with a very unpleasant last few years of their lives.
We need to make everyone understand that this is Not the Fault of Republicans, they bear no responsibility. It all the fault of the Democrats.
Yes, I purchased a few shares of SPY (S&P 500) at 150 (this year), we're now well below 100 for a loss of more than 33%.
41% down from its peak of 365 days ago.
I told a co-worker that I thought the bottom was around 8,000. He thought I was insane to think it would go so low. I might have been too conservative.
The indexes reached their alltime highs exactly one year ago today. Since then they are down 30 to 40%. After they blow past the last Fibonacci number (NASDAQ already has) there is no support. Anywhere.
just a little. On Oct 10, 2007 the DJI was 14,015, now it's 8579. That's a 38.8% decline.
(Week of) Aug 26 '29 the dow was at 380, by Nov. 1, 29 it was 245. About a 36% drop in two months.
The week of Aug. 4, 2008, the dow was at 11,734, if it drops to 7510 by the end of the first week in November, it will have dropped about the same percentage, in roughly the same time period. That's only 1070 points, and considering today's drop of 678 points, who would want to bet the farm it won't drop 1,000 more by then.
According to the article, we're 39% off the all-time high of the DOW.
39%