Dow Falls 2997 points worst drop since 1987 crash

#1

Post by blackhat2017 » Mon, Mar 16, 2020, 8:21 PM UTC

Dow Falls 2997 points worst drop since 1987 crash
mortgagerateguru.com

Re: Dow Falls 2997 points worst drop since 1987 crash

#2

Post by skrowl » Mon, Mar 16, 2020, 8:38 PM UTC

This probably isn't the bottom. Wait a little while longer and when things start picking back up, dump in as much as you can afford.

Re: Dow Falls 2997 points worst drop since 1987 crash

#3

Post by klodolph » Mon, Mar 16, 2020, 8:39 PM UTC

skrowl wrote: post #2

This probably isn't the bottom. Wait a little while longer and when things start picking back up, dump in as much as you can afford.

Good advice! Just time the market.

Re: Dow Falls 2997 points worst drop since 1987 crash

#4

Post by hirundo » Mon, Mar 16, 2020, 8:40 PM UTC

skrowl wrote: post #2

This probably isn't the bottom. Wait a little while longer and when things start picking back up, dump in as much as you can afford.

I wouldn't care to risk retirement funds until the scope of the virus is better defined.

Re: Dow Falls 2997 points worst drop since 1987 crash

#5

Post by [deleted] » Mon, Mar 16, 2020, 8:42 PM UTC

klodolph wrote: post #3

skrowl wrote: post #2

This probably isn't the bottom. Wait a little while longer and when things start picking back up, dump in as much as you can afford.

Good advice! Just time the market.

[deleted]

Re: Dow Falls 2997 points worst drop since 1987 crash

#6

Post by agumonkey » Mon, Mar 16, 2020, 8:42 PM UTC

klodolph wrote: post #3

skrowl wrote: post #2

This probably isn't the bottom. Wait a little while longer and when things start picking back up, dump in as much as you can afford.

Good advice! Just time the market.

I'd rather die of self inflicted bankruptcy !

-- ex trader 2021

Re: Dow Falls 2997 points worst drop since 1987 crash

#7

Post by anonu » Mon, Mar 16, 2020, 8:43 PM UTC

Worst drop ever for the Nasdaq Index today: -12%. These aren't 1, 2 or 3 standard-deviation events... these are more like 6 or 7 standard-deviations from the mean...

Re: Dow Falls 2997 points worst drop since 1987 crash

#8

Post by amiga_500 » Mon, Mar 16, 2020, 8:43 PM UTC

I'm quite surprised by this because it was my understanding that companies were doing us a favor by employing most people. That they were forestalling replacing us with robots by paying us near subsistence wages.

I'm very confused. On the one hand I have all the things I've been reading in the papers about workers being superfluous.

But yet on the other hand when I just look at the evidence, it seems like companies really, really need workers.

I wonder what will happen when this is over...

Re: Dow Falls 2997 points worst drop since 1987 crash

#9

Post by mdanger007 » Mon, Mar 16, 2020, 8:44 PM UTC

hirundo wrote: post #4

skrowl wrote: post #2

This probably isn't the bottom. Wait a little while longer and when things start picking back up, dump in as much as you can afford.

I wouldn't care to risk retirement funds until the scope of the virus is better defined.

the investor who buys in just before a vaccine is announced will make some scratch

Re: Dow Falls 2997 points worst drop since 1987 crash

#10

Post by whatshisface » Mon, Mar 16, 2020, 8:44 PM UTC

All of the return-seeking money that pushed up asset prices in the first place is still out there, because stock market crashes don't destroy money (they just redistribute it). I wonder who has it now, and I also wonder when it will end up back in the market.