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Thu Feb 27, 2020, 11:20 PM

Top 8 Largest Dow Jones Drops in American History.

Top 8 Largest Dow Jones Drops in American History.

1) Trump: -1,191 2/27/20
2) Trump: -1,175 2/5/18
3) Trump: -1,032 2/8/18
4) Trump: -1,031 2/24/20
5) Trump: -879 2/25/20
6) Trump: -831 10/10/18
7) Trump: -800 8/14/19
8) Trump: -799 12/4/18

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Arrow 18 replies Author Time Post
Reply Top 8 Largest Dow Jones Drops in American History. (Original post)
onecaliberal Feb 2020 OP
edhopper Feb 2020 #1
onecaliberal Feb 2020 #3
Patterson Feb 2020 #4
onecaliberal Feb 2020 #5
edhopper Feb 2020 #7
onenote Feb 2020 #12
Bengus81 Feb 2020 #9
edhopper Feb 2020 #10
meadowlander Feb 2020 #2
WyattKansas Feb 2020 #6
USALiberal Feb 2020 #8
edhopper Feb 2020 #11
onenote Feb 2020 #13
edhopper Feb 2020 #14
onenote Feb 2020 #15
edhopper Feb 2020 #16
onenote Feb 2020 #17
edhopper Feb 2020 #18

Response to onecaliberal (Original post)

Thu Feb 27, 2020, 11:24 PM

1. You have to do percent, not points

But he is still a joke.

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Response to edhopper (Reply #1)

Fri Feb 28, 2020, 01:45 AM

3. He is still at the helm of the 8 largest daily point drops in history.

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Response to onecaliberal (Reply #3)

Fri Feb 28, 2020, 01:51 AM

4. Point drops mean nothing; per cent drops mean everything.

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Response to Patterson (Reply #4)

Fri Feb 28, 2020, 10:52 AM

5. Explain how the largest point drops aren't the largest percentages.

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Response to onecaliberal (Reply #5)

Fri Feb 28, 2020, 11:39 AM

7. 1000 points from 29,000 is 3.4%

1000 points from a 10,000 Dow is 10%

The biggest single day percent drop in the Dow was 22% in 1987.

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Response to Patterson (Reply #4)

Fri Feb 28, 2020, 12:40 PM

12. You are correct. If you look only at point drops, you need also to look at point increases

None of the top 8 Dow daily declines in points are in the top 20 in percentage terms. Similarly, while Trump has been president for 8 of the top 12 Dow daily gains in points, none of those are in the top 20 gain in percentage terms.

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Response to edhopper (Reply #1)

Fri Feb 28, 2020, 12:19 PM

9. Ok...it's dropped over 18% in 15 days.

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Response to Bengus81 (Reply #9)

Fri Feb 28, 2020, 12:32 PM

10. This is a serious drop, no doubt.

And due to the unknowable effect this virus will have on the economy, it is a very fast drop.
But in 2008 the Dow dropped 40%. Will that happen now? Depends on what happens as the effect cascade, or don't.

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Response to onecaliberal (Original post)

Thu Feb 27, 2020, 11:34 PM

2. Would be useful to tie to specific fuckery like the government shut-down, trade war,

Helsinki treason, etc.

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Response to onecaliberal (Original post)

Fri Feb 28, 2020, 11:04 AM

6. Even though it is bad...

It does destroy the Republican argument to privatize the Social Security Fund to the stock market and make cuts to benefits, since the stock market once again proves to not be a sure thing for all.

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Response to onecaliberal (Original post)

Fri Feb 28, 2020, 11:44 AM

8. Wonder how many record gains he has? Nt

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Response to USALiberal (Reply #8)

Fri Feb 28, 2020, 12:33 PM

11. this



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Response to edhopper (Reply #11)

Fri Feb 28, 2020, 12:59 PM

13. These sorts of charts should be taken with a grain of salt

For example, it purports to show the change in the Dow from inauguration day until June 3 of the third year of Obama and Trump's first term. Why June 3? Because that was a low point in the Dow in 2011. And it doesn't get the numbers right. The gain during that period of Obama's first term was around 50 percent. At its highest point in February of Obama's fourth year in Office, the gain was around 63 percent. But if the data point for Trump also is set at the highest point during February of his fourth year, the gain jumps to more than 50 percent, not 20.8 percent.

The market is and has been volatile for some time now. Picking arbitrary points in time for comparisons really doesn't prove much. The market improved a lot during Obama's first term. It also improved during his second term, but by a smaller margin (around 20 percent). During Trump's presidency, the market has continued to improve, generally at an even faster rate than during Obama's second term. Where it ends up at the end of this week, next week, or a month from now? Who knows.

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Response to onenote (Reply #13)

Fri Feb 28, 2020, 01:38 PM

14. Sure

It just shows that Trump isn't setting any records.

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Response to edhopper (Reply #14)

Fri Feb 28, 2020, 01:49 PM

15. Absolutely.

At the end of the day, what will make the most difference with respect to the election will be how the economy has been doing in the few months leading up to November. Where things stood on June 3 2019 or even February 28, 2020 probably won't matter.

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Response to onenote (Reply #15)

Fri Feb 28, 2020, 03:28 PM

16. Yes

but if the Coronavirus has a cascade effect as far as tangent sectors and manufacturing chains of supply, this could be a serious downturn.

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Response to edhopper (Reply #16)

Fri Feb 28, 2020, 03:36 PM

17. That is the big issue. If layoffs in the most directly impacted industries

such as transportation (airlines) and hospitality (hotels, restaurants) result in reduced spending in other sectors, we could see a significant contraction in economic activity over the next few months.

And while we can't say for certain whether the outbreak will peak or whether an announced virus will stabilize the markets in the next couple of months, there is the global market factor -- what happens in Europe and Asia can have a definite impact on American businesses.

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Response to onenote (Reply #17)

Fri Feb 28, 2020, 04:28 PM

18. exactly

And since the market is controlled by traders and funds who have to show short term gains and profits, they can't risk big losses, so they sell, sell, sell. Long term investors are a small minority.

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