“Dow down more than 450 points on recession fears”
I always get a kick out of these daily headlines about stock price movement. The people that write them generally have no idea what caused millions of people to do what they did that day as there are many different reasons individuals are buying and selling on a given day.
And for every buy there has to be a seller, and vice versa. One thinks the stock is a buy at the agreed price, the other thinks it’s a sell, no matter which way the “market” goes that day.
I look at years, not days.
I always get a kick out of these daily headlines about stock price movement.
Back when the Dow was 5-6-7K, reporting the point gain/loss was fairly newsworthy.
The Dow is now ~30,000. Points reporting is much less relevant.
When will the Mockingbirds start using ‘percent loss’ for the day?
Pensions are hard hit.