General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsthe 4 largest DOW point drops in history have happened under Trump
his is chaos.
TexasTowelie
(112,616 posts)That was the drop on Tuesday.
Demovictory9
(32,489 posts)Yosemito
(648 posts)We cannot compare drops in a stock marke that has 25,000 points to the Stock market that had 10 thousand points sometime in the past.
Demovictory9
(32,489 posts)800 is still a big swing
John Fante
(3,479 posts)Virtually no gains for the entire calender year.
The 800 point drops are not the real story - the market has risen and fallen by 3-4% many times over the years. However, the flatness was very much of a hallmark of the 2000 recession. The market peaked in early 2000, then remained range bound for nearly a year before going through a prolonged deflation. Given that we tend to cycle between residential real estate and equities driven recessions, I expect that 2019 will end up being an equities driven recession affecting tech, retail, transportation, and the service economy in general.
The market gained ground every year from 2009 through 2014 (anywhere from 26.5% to 5.6%) and again in 2016 and 2017. But in 2015, it lost 2.2%.