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The recent drop is not very significant (a little over 10%). The Great Financial Crisis caused a 60% drop around 2008/2009. https://www.nytimes.com/2020/02/27/
by leptoniscool 7y ago
The recent drop is not very significant (a little over 10%).
The Great Financial Crisis caused a 60% drop around 2008/2009.
https://www.nytimes.com/2020/02/27/business/what-is-a-stock-market-correction.html https://www.nytimes.com/2020/02/27/business/what-is-a-stock-...
- mkagenius 7y agoI see, there was a similar drop in 2018. So not really that great of a fall.
- serpix 7y agoyet. Nobody knows where the bottom is. The virus is only at the beginning of its conquest of the Western world.
- mabbo 7y agoThe question is whether we're at the bottom or just at the beginning of the roller coaster. Bonds are indicators of expectations and risks in the near-to-long future. When their rates get strange, people worry.
- exogan 7y agoThe recent drop happened in only one week, it was really abrupt and breaking records. GFC didn't happen over 1 week, the bear market from GFC was from October 9/10, 2007 to March 9, 2009.
- thinkloop 7y agoI don't think it broke any real records, the only one is the absolute point drop in the indexes, but that's a meaningless stat that will constantly be broken in the future as the economy grows - proportion is what's interesting.
- exogan 7y agoMy bad, it did not break records outside the 1987, dot-com and GCF crises, made a mistake there. However, I don't agree with the theory of infinite economy growth (as you said "constantly be broken in the future").
- whatshisface 7y agoFuture economy growth =/= infinite economy growth.
- nostromo 7y agoFinancial crises tend to be much worse for securities than a regular recession.