I feel similarly, but if you look at where the DJI and NASDAQ are now compared to where they were in January the year starts to look a lot more bearish. I'm not very well educated in finance though
And if anyone wants to correct me or spin more nuance here I would be grateful.
In then last 68 years less than half of them (30) had _any_ down days of more than 3%. So those days of 3%+ losses are clustered most closely in bad years.
Six of the 20 biggest daily point losses in S&P 500 history have been this year, the same as 2008 so far. I know as the index rises, a given point loss accounts for a smaller percentage loss, but none of the top 20 were last year and only one was in 2016. It's really not looking like a good trend.
There are enough tail risks from climate change that the stock market, should it still exist, will probably enter a terminal decline on the 50 year time scale. I should add though that I'm long on 150 year scale, so there you go.
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[ 5.8 ms ] story [ 58.2 ms ] thread"Since 1928 the S&P 500 has seen 325 days w/losses of 3% or worse. That means it happens roughly 3.5x a year on average." - @awealthofcs
I don't think these losses are significant in the long term considering we're coming from all time highs.
Given that we were in a bear market.
Given that we were in a bull market.
I’m sure we can come up with other conditions.
A simple average is usually meaningless, and puts nothing in perspective.
Six of the 20 biggest daily point losses in S&P 500 history have been this year, the same as 2008 so far. I know as the index rises, a given point loss accounts for a smaller percentage loss, but none of the top 20 were last year and only one was in 2016. It's really not looking like a good trend.
US Dollar Soars In Equity Purchasing Value
(I agree with gizmo, but I predict a 2-day drop. Then, it's a good time to buy IMO).
And I wouldn't recommend anyone try to time the bottom on this and dip buy: you had 10 years to get a long position if you are trying to buy and hold.
Long dated bonds are erratic now, stocks have been dumping with them, and dumping even more when they are being bid.