Biggest single day drop was in 87, known as black Monday, 22.61%. COVID had 3 days that were cumulatively ~21%, the 2008 crash had 3 separate days that were around 21%, and the crash of 1929 also had 3 record days that totaled about 35%.
Black Monday lead to some trading pause mechanisms if there’s too big of a drop, and the market will close if it continues. So suffice it to say this isn’t in the toping the least, but it could be the start of a depression. It’ll probably be a few days before the first big effects are directly hitting major industries imo. But I’m not a stocks sicko.
It’s so wild that when their make believe infinite money generator goes into a death spiral, they just turn it off and pretend it isn’t happening. Like covering it with a sheet and pretending it the problem goes away.
Yeah they’ll halt trading for the rest of the day so the death spiral doesn’t continue. On Black Tuesday in 1929, one of the problems was they didn’t stop trade or shut down banks. So everyone was trying to avoid being the last one holding onto worthless stocks while normal people were trying to withdraw all their money out of their bank accounts.
This doesn’t really do anything other than get stock brokers to sleep it off because they can resume their bullshit in the morning.
Biggest single day drop was in 87, known as black Monday, 22.61%. COVID had 3 days that were cumulatively ~21%, the 2008 crash had 3 separate days that were around 21%, and the crash of 1929 also had 3 record days that totaled about 35%. Black Monday lead to some trading pause mechanisms if there’s too big of a drop, and the market will close if it continues. So suffice it to say this isn’t in the toping the least, but it could be the start of a depression. It’ll probably be a few days before the first big effects are directly hitting major industries imo. But I’m not a stocks sicko.
Here’s an interesting bit on Wikipedia:
https://en.m.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average
It’s so wild that when their make believe infinite money generator goes into a death spiral, they just turn it off and pretend it isn’t happening. Like covering it with a sheet and pretending it the problem goes away.
Yeah they’ll halt trading for the rest of the day so the death spiral doesn’t continue. On Black Tuesday in 1929, one of the problems was they didn’t stop trade or shut down banks. So everyone was trying to avoid being the last one holding onto worthless stocks while normal people were trying to withdraw all their money out of their bank accounts.
This doesn’t really do anything other than get stock brokers to sleep it off because they can resume their bullshit in the morning.