Dow Jones Crashed this Week, Historical Decline

[Birdjaguar]

Hope for a late day rebound though.

 

[El_Machinae]

This is so stupid, I am already expecting a Fed trickle-down bailout of the economy. I don't expect anything but reward for buying more assets.

 

[Zkribbler]

Coke Zero etc. may be disappearing from the shelves as the supply chains of artificial sweeteners from China is disrupted.

 

[tuckerkao]

Hope for a late day rebound though.

Even parts of the Titanic rebounded back to the ocean surface before the final submerging.

It's only around 1 hour left before Dow Jones closes up this week, whenever it tried to rebound, it started to sink again after some short period of time.

 

[Birdjaguar]

Even parts of the Titanic rebounded back to the ocean surface before the final submerging.

It's only around 1 hour left before Dow Jones closes up this week, whenever it tried to rebound, it sank again after some short period of time.

Dead cat bounce. Yeah, S&P down 90.

 

[Birdjaguar]

Whoa! S&P is only down 75 now!

 

[Timsup2nothin]

If the current rally holds to the closing bell we may have "just" a 500 point drop on the day, though hitting the 1000 mark twice in the course of the day. But that's still...down 4000(?) for the week.

EDIT: Ouch...that ain't happening.

 

[rah]

It will be hilarious watching TRUMP deny any fault for the loss while he was quick to take credit for any climb in the markets.

 

[Timsup2nothin]

It will be hilarious watching TRUMP deny any fault for the loss while he was quick to take credit for any climb in the markets.

D'ump Jr already pointed out that Democrats "want an epidemic that kills millions so they can win in November."

 

[Birdjaguar]

Down down 357 at 4:00 ET.
S&P only down 24

A nice end to the the week.

 

[tuckerkao]

Down down 357 at 4:00 ET.
S&P only down 24

A nice end to the the week.

It may starts to climb back next Monday depending on how well the Coronavirus fears are handled.

 

[Birdjaguar]

The market is up nicely today, but don't count on it to stop falling this week.

Dead cat bounce: In finance, a dead cat bounce is a small, brief recovery in the price of a declining stock.[1] Derived from the idea that "even a dead cat will bounce if it falls from a great height".

 

[IglooDame]

https://money.cnn.com/data/dow30/

Looking at today's Dow components the biggest individual drops were Cisco Systems, Dow Chemical, and Walgreens.
Gainers were P&G, Walmart, and AMEX.

Is there a particular reason anyone would think Cisco would take the biggest hit?

My guess is that it's because a lot of Cisco's higher-end (carrier/enterprise/government) gear is essentially built on demand, they don't keep stock on shelves, so interruption of Chinese components (or maybe just Chinese rare earth raw materials) hits them quicker than a company with warehouses full of stock.

 

[Birdjaguar]

I'm thinking that tomorrow will be profit taking day for those that bought early today.

 

[Birdjaguar]

The Fed screams panic time and the market responds by falling 600 points!

 

[Timsup2nothin]

You said yesterday that this would be profit taking day.

 

[Birdjaguar]

You said yesterday that this would be profit taking day.

Yes, and it appears to be. I think that the Fed rate cut just makes the overall market drop worse. The rate cut does nothing to help the supply chain issue and just shows fear that things will get worse. Trump's bad influence.

 

[Hygro]

2008: a return to Keynes
2020: a return to RBC

 

[innonimatu]

Can't everyone just keep pretending that the king wears fine clothes?

 

[tuckerkao]

Can't everyone just keep pretending that the king wears fine clothes?

Only if everyone is okay for pretending their money still there