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Economy

TXPaganBanker

(210 posts) Fri Dec 21, 2018, 03:16 PM Dec 2018

Observation from a retired banker [View all]

In the 2008 market decline, the market dropped 7500 points between Oct 2007 and March 2009.

The DJIA has dropped 3200 points since Dec 3rd. (25,800 on Dec 3rd, currently 22,600). In 18 days, it has shed what took 9 months to do last crisis. This year also includes the largest one-day drop in the history of the market, 1600 points in February.

At what point should we get nervous?

11 replies

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Observation from a retired banker [View all] TXPaganBanker Dec 2018 OP

As long as drumpf, his family and his henchcabinet remain in place democratisphere Dec 2018 #1

And prior to Dec., the market had lost all of its gains for the year. spooky3 Dec 2018 #2

I got nervous back in February. I acknowledge one of the few truths that are available to humans. Squinch Dec 2018 #3

Not that this isn't cause to worry but, is the percentage decline, not the points, that matters. pangaia Dec 2018 #4

You beat me to it! (see my post #5) Pobeka Dec 2018 #6

unrealistic comparison Pobeka Dec 2018 #5

Oh, I know. TXPaganBanker Dec 2018 #8

Thanks to all for putting out info. on drops (current and historical)...I was wondering what the ... SWBTATTReg Dec 2018 #9

And if we pull the five high flying Tech Wellstone ruled Dec 2018 #7

S&P 500 -- down 17.5% from the 2931 Sept 20 peak progree Dec 2018 #10

To those more knowledgeable to the stock market then I econ 101 Dec 2018 #11