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Yes I know technically a correction is a 10% level, however my point is a 2 day drop like we saw us certainly unusual in % terms as well.
Possibly true, but I didn't see any easily available data that included percent and duration of declines...also read as me possibly being too lazy to look further or too cheap to pay for websites that do it but require monthly subscriptions.
Possibly true, but I didn't see any easily available data that included percent and duration of declines...also read as me possibly being too lazy to look further or too cheap to pay for websites that do it but require monthly subscriptions.
I would say too lazy since if you scrolled down on your own link it said 3-4 months lol, though it can certainly be shorter than that.
I would say too lazy since if you scrolled down on your own link it said 3-4 months lol, though it can certainly be shorter than that.
No, I meant too lazy to find out about the occurrence of those levels of % drops in 2ish days time. I'd like to see that data, but its usually behind pay sites.
No, I meant too lazy to find out about the occurrence of those levels of % drops in 2ish days time. I'd like to see that data, but its usually behind pay sites.
I know I was teasing more than anything, but this level changes so quickly and the pure volatility even within the swings is unusual. Hell as of now market is almost flat but had traded in a 1000 point range in 80 minutes,with swings of hundreds of points in minutes.
I know I was teasing more than anything, but this level changes so quickly and the pure volatility even within the swings is unusual. Hell as of now market is almost flat but had traded in a 1000 point range in 80 minutes,with swings of hundreds of points in minutes.
Speculators are going nuts, and it creates those up and down swings,
On paper, numbers don’t lie. It was the largest dip in one day, is it a correction or a sign of a bear market who knows. However, there have been plenty of articles writen by many publications, CNBC and NY times that predicted it sooner or later.
One person claims, it’s market manipulation, the other interest rates fears, etc etc. Could be a natural correction due to all the hype with the tax reform but a volatile stock market is not healthy. That’s why people don’t understand crypto, it’s too volatile. That huge dip was volatile
Exactly. It maybe it was interest rates, maybe it was realizations of tax reform or a real market correction. The rise we had today from the early loss has me confused.
Quote:
Originally Posted by t206
I don't think any legitimate analyst would call it a crash. It was a 4.6% drop. A crash is usually going to be a 10% or more drop. People were just freaked out by the big points drop, but percentage wise it wasn't really "crash" territory. As I mentioned before, the crash in October 1929 was a 30 point drop, so its all relative.
Agree though, many analysts have been saying a correction was coming, so thats probably what we have here.
In one day, yes. If today goes bad as well, maybe it is.
Speculators are going nuts, and it creates those up and down swings,
It’s looking like the cryptomarket. The unpredictability is like a rush, the swings make it exciting. Granted it’s more exciting going up but you get my point
It’s looking like the cryptomarket. The unpredictability is like a rush, the swings make it exciting. Granted it’s more exciting going up but you get my point
Old, boring people hate volatile markets
Old, boring people only hate volatile markets if their money is incorrectly allocated. Being "old" means that you probably shouldn't have a ton of money in equities because your timeline for actually needing your investments as income to live off of is short.
Couldn't it also be said that the market would be way less volatile if there weren't super high speed computer generated trades? My guess is that's what fueled yesterday's action to begin with.
Couldn't part of the problem also be that the Fed is not buying by the bucketful to prop up the market anymore?
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