Dow plunges 1000 points
cnbc.com
Dow plunges 1000 points
1–10 of 365 posts
Re: Dow plunges 1000 points
#2Call me old fashioned but it's a nice change of pace to see news about traditional market indexes crashing rather just crypto currencies.
Re: Dow plunges 1000 points
#3I do worry that this is the end of the current bull market and we'll be entered into a recession in the next half year or so.
Re: Dow plunges 1000 points
#4At one point down -1,600. I did a little buying today (BRK.B), this was margin calls, algo trading, and fear.
Re: Dow plunges 1000 points
#5I do worry that this is the end of the current bull market and we'll be entered into a recession in the next half year or so.
It's practically guaranteed, unless the Fed rapidly adjusts back to being accomodating by slashing rates.
The sugar high from the tax cuts will buy a few quarters of time at best.
Re: Dow plunges 1000 points
#6Call me old fashioned but it's a nice change of pace to see news about traditional market indexes crashing rather just crypto currencies.
Different reasons. I suspect this is due to traders taking their yearly profits and then stampede set in.
The volatility index has a very sudden spike at the end of the market
Re: Dow plunges 1000 points
#7I do worry that this is the end of the current bull market and we'll be entered into a recession in the next half year or so.
Recessions are technically at the minimum 9 months, three quarters of negative growth
Edit: it's two quarters as pointed out below
Re: Dow plunges 1000 points
#8Call me old fashioned but it's a nice change of pace to see news about traditional market indexes crashing rather just crypto currencies.
I'd prefer to see the news about cryptocurrencies crashing rather than traditional markets.
Re: Dow plunges 1000 points
#9Call me old fashioned but it's a nice change of pace to see news about traditional market indexes crashing rather just crypto currencies.
Different reasons. I suspect this is due to traders taking their yearly profits and then stampede set in. The volatility index has a very sudden spike at the end of the market https://finance.yahoo.com/chart/%5EVIX/
It's due to interest rates and bond yields.
https://www.bloomberg.com/gadfly/articles/2018-02-05/stock-i...
Re: Dow plunges 1000 points
#10I do worry that this is the end of the current bull market and we'll be entered into a recession in the next half year or so.
Recessions are technically at the minimum 9 months, three quarters of negative growth Edit: it's two quarters as pointed out below
Recessions in the US are almost universally defined as being at least two consecutive quarters of economic contraction / negative GDP.