4 ms·
Even index stocks are in free fall right now. Check again. VOO has dropped 1.5% today, which is pretty bad for an index stock.
by kart23 8y ago
Even index stocks are in free fall right now. Check again. VOO has dropped 1.5% today, which is pretty bad for an index stock.
- ceejayoz 8y ago> VOO has dropped 1.5% today, which is pretty bad for an index stock. Uh, what? An index stock mirrors, as closely as possible, the market it's indexing. If the market goes down 1.5% - which is extremely common - so will VOO.
- sneak 8y agoI think GP meant it is pretty bad in the market if the composite index average (and thus index ETF) is down 1.5% in a single day.
- ceejayoz 8y agoWhich is a silly claim. The markets being down (or up) 1.5% is an unremarkable trading day. https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-images.forbes.com%2Fmikepatton%2Ffiles%2F2016%2F01%2FDJIA-Daily-Percent-Chg-from-10-1-1928-to-1-28-2016-1200x499.jpg https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs... Per this chart, almost 20% of Dow trading days fall in the 1-2% change range.