4 ms·
I think the 2020 crash is fresh in everyone's memory: https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_S%26P_500_Index https://en.wikipedia.o
by ortusdux 5y ago
I think the 2020 crash is fresh in everyone's memory:
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_...
Date % Change
2020-10-28 −3.53
2020-09-03 −3.5
2020-06-11 −5.89
2020-03-20 −4.34
2020-03-18 −5.18
2020-03-16 −11.98
2020-03-12 −9.51
2020-03-11 −4.89
2020-03-09 −7.60
2020-03-05 −3.39
2020-02-27 −4.42
2020-02-25 −3.03
2020-02-24 −3.35
- id 5y agoAll of those have been very good days to buy.
- mikestew 5y agoI consider 2020 to be an outlier of volatility. You might consider otherwise. But if I must make qualifications to my answer to "doesn't it happen all the time?", then it would be "if you consider only 2020, then yes. Otherwise, no, it is not common".
- ortusdux 5y agoNo, I agree. 2020 was disruptive in so many ways. My concern is what happens when an increasing number of people think that a 2% dip is normal to the point of not being newsworthy.
- mikestew 5y agoAh, I get ya now. Thanks for the clarification. And, yeah, normalizing one-day drops of 2% is a bit of a disturbing thought. :)
- dragontamer 5y ago2020 may be an outlier, but it means that we're not really concerned about "small" 2% losses right now. The big dip from last year came and went. These 2% movements don't even hold a candle to what happened last year. Maybe if you're a new investor who started investing this year, it'd be scary. But frankly, the stock market has been incredibly scary for 5 years now, at least. Flash crashes, COVID19, VIX going crazy, weird hedge funds disappearing overnight (Archegos Capital), etc. etc. At no time was the story the "stock market". The story was Archegos capital, or COVID19 spreading around the world, or... whatever.