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It's the biggest drop because the Dow is close to all time highs. It's far from the biggest percentage drop. Sensationalist headline.
by seizethecheese 9y ago
It's the biggest drop because the Dow is close to all time highs.
It's far from the biggest percentage drop. Sensationalist headline.
- longerthoughts 9y agoTo put things in perspective: https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average https://en.wikipedia.org/wiki/List_of_largest_daily_changes_... Agree that saying "Biggest Point Drop in History" is a deliberate attention-grabber and incites more fear than it probably should. We should be more concerned with percentage changes and at -4.6% this doesn't even make the top 20 daily percentage drops, which cuts off at -6.98% for number 20 (see above link).
- thesmallestcat 9y agoNot only that, but [some film] last summer smashed box office records. Yes, it's the most popular film ever.
- cabaalis 9y agoI've found that in order to persuade people that something is important, you can either show them percentage deltas or quantity deltas. Pick the one that supports your agenda.