data check, today spx is 322.42 pts 5.97% drop? From Deepseek The largest single-day percentage drop in the S&P 500 occurred on October 19, 1987, known as Black Monday, when the index plummeted by 20.47%. This remains the most significant one-day decline in the S&P 500's history. Other notable drops include: March 16, 2020: -11.98% (COVID-19 pandemic sell-off). October 15, 2008: -9.03% (global financial crisis). September 29, 2008: -8.79% (post-Lehman Brothers collapse). While point declines (e.g., -324.89 points on March 16, 2020) have grown larger over time due to the index's higher valuation, percentage drops remain the standard measure for historical comparisons.
Unless the FOMC swoops in over the weekend with an emergency rate cut. They're usually known to spoon-feed the market when it's in real pain. But then again, if they do pull that move, it might spook the market even more. Because the Fed doesn’t just hit the panic button unless things are seriously off the fucking rails. Moreover, even if they do cut the damn rates, I don't think “we’ve got this under control” will be enough this time, considering how much damage that Orange dude has inflicted all across the globe.
we have done it this time 429.63 points in 2 days on spx. The largest consecutive two-day point drop in the S&P 500 (SPX) occurred on March 11–12, 2020, during the COVID-19 market sell-off. The cumulative drop totaled 401.59 points: March 11, 2020: SPX fell 140.85 points (4.9%) to close at 2,741.38. March 12, 2020: SPX plunged another 260.74 points (9.5%) to close at 2,480.64.
wild swings… then when you look at a 5 minute chart now at the end of the day, it looks so easy. A nice little down channel. That’s why the YouTube gurus are able to thrive. It always looks easy in hindsight.
Exactly. It's always easy in hindsight and there's rarely any confidence in real time, i.e., "I think this will go up, but I also think it can go down."
This week closed down - 9,05 % on SPX. We've only had 6 weeks in total exceeding that since 2000. 2 days back to back down 4 % or more each have only happened 3 times since 2007. Keep in mind that the covid crash saw much bigger daily moves than this with multiple days swinging 10 % daily both up and down. As of now, SPX is 'only' down 17,44 % top to bottom. In comparison, both 2022 hit 27,54 % down and 2020 35,41 % down. Can we see the first limit down move since 2020 next week?
Is this real life? It's stunning, hard to believe. No one could have dreamed this could happen. We had the most unstoppable market ever and well.... I'm still not convinced we don't return to that. I guess I've learned that we Can get these extreme moves every few years. This one is stunning, but thankfully I saw today coming so made money from it. And we could have 1 more round before a mini V comes. It almost doesn't feel real, but hopefully we can flush once more on Monday. And if the VIX gets above 100, you HAVE to buy the dip for sure. I am very excited about the snap back rally next week on Monday, Tuesday or Wednesday. Well, I'm not going to delete my account today. When things quiet down, I'll take a break or give myself a mini ban.