4 ms·
4% isn't much. Good site though, so thx.
by branchless 10y ago
4% isn't much. Good site though, so thx.
- CydeWeys 10y agoIt is for the stock market.
- branchless 10y agoNo, it's not. It's a big jump for one day but it is election day so hardly a regular day. It was lower than this at the start of the year. How was life back then?
- revelation 10y agoBetter than tomorrow? This is the sneakiest way yet to bring politics to HN.
- branchless 10y agoI'm not partisan. I hate them both :-) But this absurd fetishism over drops has to stop. Look at the last year. People who baulk at these kind clearly haven't been watching the markets over the past few years. This stuff happens. Nobody posts about the jumps. And they add up. Well, here's a drop and it's left everyone in the black over 12 months. Long term if it tanks it tanks and then we can post about it. Markets are computerised now and big swings are common. Edit: last comment as I've hit the hacker news "you're submitting too fast on a banking thread" thing. Directed to the child comment (not pejorative): Last one according to the guy above was 2011. We have elections every 4 years and the banks crash the system now and again. 5 years back it was nearly half this. I fail to understand how a 5% dip is shocking, except for people feeling the sky is falling because Trump got in and want to scrawl supporting evidence. What was life like for all the HN downvoters when it was 1200?
- kasey_junk 10y agoSustained swings like this are not common. I'll agree short term number fetishism is a problem but this implies the markets were priced incorrectly and not in a good way.
- nkozyra 10y ago> I hate them both :-) Edgy.
- CydeWeys 10y agoThe last time the S&P 500 lost >= 4% in a single day was over five years ago, in August 2011. A 4% swing on the S&P 500 is clearly a lot.
- branchless 10y agomy word! 2011. Goodness, was anyone even alive back then? I didn't realise they even had markets that far back.
- af16090 10y agoThe percent the S&P 500 futures can fall before they stop trading is 5%[1]. So this is a big drop. [1]: http://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html http://www.cmegroup.com/trading/equity-index/faq-sp-500-pric...
- branchless 10y agohow was life for you during the last 5 year walk from 1,200 to 2100? Appreciably better from 2,000 onwards? https://ca.finance.yahoo.com/echarts?s=%5EGSPC#symbol=%5EGSPC;range=5y https://ca.finance.yahoo.com/echarts?s=%5EGSPC#symbol=%5EGSP...
- branchless 10y agoHow's the market doing? Did you dump it all at the bottom?