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Economy

progree

(10,893 posts)

5. S&P 500 fell 7.1% in the last 3 days. And its down 11.3% from its Feb all-time-high, a correction

Reply to elleng (Original post)

Thu Jun 11, 2020, 06:16 PM

Jun 2020

It's back in correction territory (which is between 10% to 20% down from the recent peak).

S&P 500 closes:
3386 Feb 19 all time high
3002 today's, Thursday's 6/11 close
-11.3%

3232 Monday 6/8 - the high point since the March lows, just 3 days ago
3002 today's, Thursday's 6/11 close
-7.1%

Coincidentally, it's also down 7.1% year-to-date (closed at 3231 on 12/31/19)

Surprising how fast FOMO (Fear of Missing Out) changed into plain old fear

Trump is really going to be bashing Fed chief Powell, he has already started.

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Highlight:

Dow plunges 1,500 points on Fed economic warning and fear of a 2nd wave of COVID-19. [View all] elleng Jun 2020 OP

They may have run out of fools. gibraltar72 Jun 2020 #1

Ooh he's going to be HOT on his plane ride soothsayer Jun 2020 #2

The sharpies goosed the market up customerserviceguy Jun 2020 #3

This isn't isolated, everything else took a similar dive overnight Warpy Jun 2020 #4

Keep in mind Bull markets have the most violent corrections at140 Jun 2020 #7

Panic is the worst reason to make any decision Warpy Jun 2020 #8

Here is what happens after 5% declines, going back to 1955 at140 Jun 2020 #9

My grandmother hadn't bought stocks on margin Warpy Jun 2020 #10

+10 at140 Jun 2020 #12

S&P 500 fell 7.1% in the last 3 days. And its down 11.3% from its Feb all-time-high, a correction progree Jun 2020 #5

Today was buying opportunity for those with at140 Jun 2020 #6

I've always been impressed that it took 16 years for the Dow to get back to its 1966 high progree Jun 2020 #11

Good point! Stocks great for young, risky for old people. at140 Jun 2020 #13