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Originally posted by DisgustedOne
Back to topic - the DOW dropped 700+ points today (Sept. 29). I am not sure this is novel (the DOW has dropped before, though not on this scale)
Originally posted by Phage
Originally posted by DisgustedOne
Back to topic - the DOW dropped 700+ points today (Sept. 29). I am not sure this is novel (the DOW has dropped before, though not on this scale)
If you look at it in a more realistic sense the 778 point drop was not novel at all.
The drop on Monday was a 7% decrease. There have been numerous decreases greater than this. In 1987 the drop was 22.6%.
Originally posted by Phage
Originally posted by DisgustedOne
Back to topic - the DOW dropped 700+ points today (Sept. 29). I am not sure this is novel (the DOW has dropped before, though not on this scale)
If you look at it in a more realistic sense the 778 point drop was not novel at all.
The drop on Monday was a 7% decrease. There have been numerous decreases greater than this. In 1987 the drop was 22.6%.
Originally posted by FromAndes
I believe more in the timewave zero than in the web bots, today the novelty line started to decline. Thanks God nothing really bad happened, I hope these terrible times will affect only the economy, maybe there will be no wars to worry about
Lets look at it in an even MORE realistic sense. The markets have closed every day, five days a week, for how long?? More than a century. So out of all the times the market has closed, the literally TENS OF THOUSANDS of times it has closed. How many times did it lose more than 7% in one day? When you look up the answer to that you will know that this was no small occurrence.
Originally posted by Phage
Originally posted by DisgustedOne
Back to topic - the DOW dropped 700+ points today (Sept. 29). I am not sure this is novel (the DOW has dropped before, though not on this scale)
If you look at it in a more realistic sense the 778 point drop was not novel at all.
The drop on Monday was a 7% decrease. There have been numerous decreases greater than this. In 1987 the drop was 22.6%.