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Stock Market sees the worst single-day point drop in history.


daggy24
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http://www.chicagotribune.com/business/ct-biz-dow-jones-stock-market-falls-20180205-story.html

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The market fell by nearly 1,600 points Monday afternoon before correcting a bit, zigzagging between losses of 800 and 1,000 points. The previous record for losses was 777.68 points on Sept. 29, 2008, a loss of nearly 7 percent that shocked the nation. It lost nearly 23 percent on Black Monday, Oct. 19, 1987.

As U.S. stocks resumed their downward trajectory after Friday's selloff, European and Asian equities also slumped. Treasury yields fell and the dollar stabilized. Oil dropped and copper rose.

Looks like we are finally seeing some of the market corrections that people have been waiting for. To be fair, the Dow Jones is still about 4,000 points above where it was at this time last year. The stock market was one of the few places where Trumpists claimed victory (despite not actually having much directly to do with this phenomenon) and it will be interesting to see if this trend continues and how it affects his remaining base.

Some on the right are chiding liberals for being too alarmist (and getting too excited) over this drop, and fully anticipate that the market will continue to grow at unsustainable rates.

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The stock market always has fluctuations so it is not unheard of that this would happen. I think that there are several people who have seen this coming. It may not be a catrosphic event but just normal growing pains so we will see how this plays out in the future. I am guessing the market will continue to grow.

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So is it safe to say to avoid those related to "Trump News" for now and look for IPO's or maybe into the smaller markets? With the current trend of the market nowadays, its quite difficult to speculate where it'll end up. Can't even say when a bear or a bull will show up. Might just end up doing day trading.

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  • 5 months later...

My mouth literally dropped when I read those numbers. It's a good thing I know nothing about the stock market. I'm always looking for ways to make money and this would easily be one of them if I knew what I was doing. I would guarantee lose way more than I win though.

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