Dow, biggest drop in history

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3Scoreand10

Guest
#1
Dow dropped 1175 today.
Glad my money is buried in the back yard.
 
F

FenceMan

Guest
#3
Well, the stock market is overdue for a correction. Better to have a correction and then continued gains than a drop which leads to an outright crash.

I don't think there would be any good reason for a total sell-off where things stand economically at the moment...
 

Tommy379

Senior Member
Jan 12, 2016
7,012
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#4
Not a big deal.
 

FlyingDove

Senior Member
Dec 27, 2017
363
45
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#7
The Dow had the biggest point drop in a day.

In Oct 1987 the Dow corrected/dropped 22%. Yesterday less then 5%.

The Dow has corrected by 5% over 600 times.
 

longtrekker

Senior Member
Sep 23, 2014
300
52
28
#8
The Dow had the biggest point drop in a day.

In Oct 1987 the Dow corrected/dropped 22%. Yesterday less then 5%.

The Dow has corrected by 5% over 600 times.

Certainly puts it in perspective !
 

Nehemiah6

Senior Member
Jul 18, 2017
5,964
668
113
#9
Dow dropped 1175 today. Glad my money is buried in the back yard.
If you have any awareness of how the stock market is manipulated by major players, it is entirely possible that this was a nefarious move by anti-Trump forces (billionaires such as George Soros and others, and possibly China) to undermine the economy. Only the financial analysts could prove this by closely examining the recent trades, and seeing who did what. There is no such thing as coincidences, and coming on the heels of the outstanding SOTU address and the un-classification of the damaging FISA memo, I believe this was not simply a "market correction" but an attack on the Administration. The Deep State is running scared and also has been threatening Trump for quite some time.
 

Billyd

Senior Member
May 8, 2014
3,102
105
63
#10
It's been a fun ride, but I expect the DOW to settle in at or about 21,000 by the summer. Watch the Fed and it's attempts to control inflation.
 

notuptome

Senior Member
May 17, 2013
12,157
783
113
#11
The Dow had the biggest point drop in a day.

In Oct 1987 the Dow corrected/dropped 22%. Yesterday less then 5%.

The Dow has corrected by 5% over 600 times.
Buy on the dips.

No risk no reward.

For the cause of Christ
Roger
 

mailmandan

Senior Member
Apr 7, 2014
15,486
1,447
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#12
I used to divide up my retirement in the thrift savings plan at the Post Office between the S&P 500, I fund and G fund, but now I'm getting too close to retirement to be risky. I have 100% in the G fund and that's where it will remain. Lower interest return, but at least I get returns and no roller coaster ride.