Saturday, 22 December 2018

Dow dives 400 points to end its worst week in 10 years


Read? Dow dives 400 points to end its worst week in 10 years


 Here's a tally of the carnage:

 The Dow lost 6.8 percent and 1,655 points on the week. It was its worst percentage drop since October 2008.

 The Nasdaq lost 8.3 percent on the week and is now 22 percent below its record reached in August, a bear market.

 The S&P 500 lost 7 percent for the week and is now down 17.8 percent from its record.

 The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 12 percent each this month.

 Both the Dow and the S&P 500 are now in the red for 2018 by at least 9 percent.
The selling had conviction. More than 12 billion shares changed hands on U.S. exchanges on Friday, the heaviest volume in at least two years. The expiration of options also added to the volume.
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3 comments:

  1. Spur23 December 2018 at 14:35:00 GMT+8

    Ya man ... if S&P500 can't recover 8% by 31st Dec by some miracle, I'll be in cash in my dual momentum portion of my portfolio hoho!

    Fun times ahead! :)

    That being said, Dec 1931 was 6 months from the end of the big initial Great Depression drop.

    Someone investing in Dec 1931 would see 138% increase by early 1937.

    But he would have to go thru a -48% drop from Dec 1931 to Jun 1932 first LOL!

    An expert or lucky timer who invested in Jul 1932 would see a 352% gain by early 1937.

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