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Economy

Pobeka

(5,006 posts)

5. unrealistic comparison

Reply to TXPaganBanker (Original post)

Fri Dec 21, 2018, 03:31 PM

Dec 2018

The market value in 2008 was a little more than half the value at it's high this year.

So to make a fair comparison you need to think in terms of a percentage drop. i'm not going to calculate the actual number but a 3200 point drop in today's market represents about a 1600 point drop in the market of 2008. That's how I look at it...

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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