We just witnessed the Biggest Drop in History

Discussion in 'Trading' started by NY_HOOD, Mar 16, 2020.

  1. NY_HOOD

    NY_HOOD

    We just witnessed the biggest one day drop in stock market history.
    3000 points on the dow.
    the most concerning aspect of this drop is that it happened the day after a surprise rate cut of one full point. to me, thats the most ominous part of todays crash.
    the fed is in trouble and they know it.
     
    Sprout, Nobert and artak like this.
  2. 2nd to Black Monday in October 1987 of course.

    But yes - an incredible day for sure.
     
    VPhantom likes this.
  3. Amun Ra

    Amun Ra


    2nd biggest drop in history in terms of percentages. First biggest was Oct 1987. We beat out the crash of 1929 today though, just barely.
     
    VPhantom likes this.
  4. Yeah big points, but da winna is still 22% in 87. Now that's scary!
     
  5. For many years we've all heard about the antics of the PPT.

    Real, or just legend? If real, have they just given up? :D
     
  6. RedDuke

    RedDuke

    This one is worse from 1987, not in term of percentages, but in psych.
     
    wrbtrader and Option_Attack like this.
  7. Amun Ra

    Amun Ra

    Time to revoke freedom of the press. If they didn't exist, and the whole world got CV and 1% died(mostly elderly and sick) we'd literally never notice people dying or getting sick any more than usual.

    They truly are the enemy of the people. Really have to feel sorry for the people who were going to retire this year.
     
    EqtTrdr and Ayn Rand like this.
  8. Cuddles

    Cuddles

    What are you, some sort of fascist POS?
     
    Last edited: Mar 16, 2020
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  9. southall

    southall

    You are supposed to cash out of equities atleast 5 years before retirement. So anyone who got greedy and didnt can still cash out today at a higher price than five years ago. No need to feel sorry for them.
     
    taojaxx, TooEffingOld and Spooz Top 2 like this.
  10. southall

    southall

    NDX is still above 7000. 7000 ffs. We barely got started yet.
     
    #10     Mar 16, 2020
    The Humble Bunch likes this.