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The largest daily point loss in the Dow is -1,190. Today we briefly hit -2030. The 19th largest daily percentage loss in the Dow is -7.32%. Today we briefly

The largest daily point loss in the Dow is -1,190. Today we briefly hit -2030. The 19th largest daily percentage loss in the Dow is -7.32%. Today we briefly hit -7.9%. The 19th largest daily percentage loss in the S&P 500 is -7.18. Today we briefly hit -7.2%. If you don't classify that as a "crash," then please state your criteria for us to examine. It may not be a major crash, but it's definitely notable. 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_... https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_S%26P_500_Index https://en.wikipedia.org/wiki/List_of_largest_daily_changes_...

vikramkr 7y ago
Point losses don't make sense because it's percentages that matter. The other metrics you mentioned do suggest this is of course a noteworthy market crash, but whether that becomes a recession or is anything to seriously worry about long run is a different question.
- brenden2 7y ago
  They like to cite points in the news because the numbers are bigger and it generates more clicks.
Youden 7y ago
The DJIA is asinine [0], please try not to perpetuate it. Look at any other index instead. [0]: https://www.investopedia.com/articles/investing/010917/opinion-dow-stupid.asp https://www.investopedia.com/articles/investing/010917/opini...
- VikingCoder 7y ago
  Like how I looked at the S&P 500 in my comment? And it's gotten worse, here's an update from CNN: "The S&P 500 fell by 7.7%, blowing through the first circuit-breaker level that it tripped minutes after trading opened for the day. The S&P 500 is on pace for its worst day since December 1, 2008, when stocks fell by just over 9%. The Nasdaq was down "only" 6.7%."
- dntbnmpls 7y ago
  > The DJIA is asinine It is superficially "asinine" because it is so narrow. However, the DJIA, S&P, Russell, etc all track/correlate each other. > Look at any other index instead. Or better yet, inlay the graphs of DJIA, S&P, Russell, Nasdaq, etc on the same chart for comparison. You'll see that the graphs all look similar. Meaning they all go up and down at around the same times. It would seem that the broader indexes would better reflect the market as a whole. But in the real world, DJIA does good enough a job as the S&P, Russel, etc for a bird's eye view of the market.

vikramkr 7y ago

Point losses don't make sense because it's percentages that matter. The other metrics you mentioned do suggest this is of course a noteworthy market crash, but whether that becomes a recession or is anything to seriously worry about long run is a different question.

brenden2 7y ago
They like to cite points in the news because the numbers are bigger and it generates more clicks.

Youden 7y ago

The DJIA is asinine [0], please try not to perpetuate it. Look at any other index instead. [0]: https://www.investopedia.com/articles/investing/010917/opinion-dow-stupid.asp https://www.investopedia.com/articles/investing/010917/opini...

VikingCoder 7y ago
Like how I looked at the S&P 500 in my comment? And it's gotten worse, here's an update from CNN: "The S&P 500 fell by 7.7%, blowing through the first circuit-breaker level that it tripped minutes after trading opened for the day. The S&P 500 is on pace for its worst day since December 1, 2008, when stocks fell by just over 9%. The Nasdaq was down "only" 6.7%."
dntbnmpls 7y ago
> The DJIA is asinine It is superficially "asinine" because it is so narrow. However, the DJIA, S&P, Russell, etc all track/correlate each other. > Look at any other index instead. Or better yet, inlay the graphs of DJIA, S&P, Russell, Nasdaq, etc on the same chart for comparison. You'll see that the graphs all look similar. Meaning they all go up and down at around the same times. It would seem that the broader indexes would better reflect the market as a whole. But in the real world, DJIA does good enough a job as the S&P, Russel, etc for a bird's eye view of the market.