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Black Monday October 19, 1987...22.6% drop in one day...

 
1/4 Value Drop
User ID: 75944363
United States
02/28/2020 08:21 AM
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Black Monday October 19, 1987...22.6% drop in one day...
Largest single one day percentage drop in the 124 year history of the DJIA
Anonymous Coward
User ID: 74526333
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02/28/2020 08:27 AM
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Re: Black Monday October 19, 1987...22.6% drop in one day...
I remember that.
Anonymous Coward
User ID: 69473970
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03/01/2020 01:05 PM
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Re: Black Monday October 19, 1987...22.6% drop in one day...
Largest single one day percentage drop in the 124 year history of the DJIA
 Quoting: 1/4 Value Drop 75944363


Link us up.
You're full of shit, the biggest ever point drop came last Thursday and it was 1190 points.

Unless the entire DJIA market was running around 5000pts in 2008, it's easy to prove you're lying. WHY?
Anonymous Coward (OP)
User ID: 75944363
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03/01/2020 01:11 PM
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Re: Black Monday October 19, 1987...22.6% drop in one day...
Largest single one day percentage drop in the 124 year history of the DJIA
 Quoting: 1/4 Value Drop 75944363


Link us up.
You're full of shit, the biggest ever point drop came last Thursday and it was 1190 points.

Unless the entire DJIA market was running around 5000pts in 2008, it's easy to prove you're lying. WHY?
 Quoting: Anonymous Coward 69473970


PERCENTAGE...not point

Dam near a quarter value of the Dow was wiped out

It was pretty quiet the next day in commerce...
Anonymous Coward
User ID: 78548833
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03/01/2020 01:14 PM
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Re: Black Monday October 19, 1987...22.6% drop in one day...
Remember it too. Huge balloon in stocks has run up for years. Tremendous downturns on the Thursday and Friday previous. So everyone went into the weekend wondering what would happen on Monday...

Kinda like now...

The this "Wall Street Guru" of the day Elliot Prechtor went on '60 Minutes' on Sunday and tried to calm the markets with his "Elliot Wave" nonsense. Prechtor looked like an utter loon, and the markets plunged over 20% the next day.

It was similar to now, in the tensions and speculation about what might happen are a lot like this weekend.

hiding
Anonymous Coward (OP)
User ID: 75944363
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03/01/2020 01:20 PM
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Re: Black Monday October 19, 1987...22.6% drop in one day...
Very similar to now

Talking heads trying to calm the market

Tomorrow we could see the largest point drop but not percentage

That Tuesday after Black Monday was eerily quiet...

CV-19...The Great Infection
Anonymous Coward
User ID: 69473970
United States
03/01/2020 02:23 PM
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Re: Black Monday October 19, 1987...22.6% drop in one day...
Largest single one day percentage drop in the 124 year history of the DJIA
 Quoting: 1/4 Value Drop 75944363


Link us up.
You're full of shit, the biggest ever point drop came last Thursday and it was 1190 points.

Unless the entire DJIA market was running around 5000pts in 2008, it's easy to prove you're lying. WHY?
 Quoting: Anonymous Coward 69473970


PERCENTAGE...not point

Dam near a quarter value of the Dow was wiped out

It was pretty quiet the next day in commerce...
 Quoting: Anonymous Coward 75944363


wrong Trump inherited an economy that was already in a strong rapid expansion lasting 7 years, from a low of 6600 in 2008 to a high just under 20,000 when Trump was elected. It was already plunging when Obama was elected in 2008 due to a rupture of the housing market debt bubble.

So any way you look at it, Obama doubled the market index in his 8 years in office with a total inflation cost of around 10% due to massive quantitative easing and bank bailouts. Like him or hate him Obama has double Trumps intelligence and ten times his common sense.
Anonymous Coward
User ID: 69473970
United States
03/01/2020 02:24 PM
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Re: Black Monday October 19, 1987...22.6% drop in one day...
Very similar to now

Talking heads trying to calm the market

Tomorrow we could see the largest point drop but not percentage

That Tuesday after Black Monday was eerily quiet...

CV-19...The Great Infection
 Quoting: Anonymous Coward 75944363


It will correct itself alright. A lot of suckers are going to get bled. When you see fluctuations of more than a few percent over a week the fix is in.
Anonymous Coward
User ID: 76203570
United States
03/09/2020 02:34 PM
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Re: Black Monday October 19, 1987...22.6% drop in one day...
Not there yet but getting closer

Mondays are Doomdays...

hiding





GLP