3 ms·
To put this in perspective: "Since 1928 the S&P 500 has seen 325 days w/losses of 3% or worse. That means it happens roughly 3.5x a year on average." - @awealt
by iooi 8y ago
To put this in perspective:
"Since 1928 the S&P 500 has seen 325 days w/losses of 3% or worse. That means it happens roughly 3.5x a year on average." - @awealthofcs
I don't think these losses are significant in the long term considering we're coming from all time highs.
- deleted 8y ago[deleted]
- nerdponx 8y agoAlso, all time highs are scary. Nobody likes a bubble.
- craftyguy 8y agoIt's impossible for the market to increase in value without having "all time highs".
- tjr225 8y agoI feel similarly, but if you look at where the DJI and NASDAQ are now compared to where they were in January the year starts to look a lot more bearish. I'm not very well educated in finance though And if anyone wants to correct me or spin more nuance here I would be grateful.
- melling 8y agoMaybe we should apply a little conditional probability instead of a basic average? Given that we were in a bear market. Given that we were in a bull market. I’m sure we can come up with other conditions. A simple average is usually meaningless, and puts nothing in perspective.
- simonh 8y agoIn then last 68 years less than half of them (30) had _any_ down days of more than 3%. So those days of 3%+ losses are clustered most closely in bad years. Six of the 20 biggest daily point losses in S&P 500 history have been this year, the same as 2008 so far. I know as the index rises, a given point loss accounts for a smaller percentage loss, but none of the top 20 were last year and only one was in 2016. It's really not looking like a good trend.
- deleted 8y ago[deleted]