Dow Plunges 1,175, the Biggest Point Drop in History | Hacker News Reader

Dow Plunges 1,175, the Biggest Point Drop in History

npr.org

86 pointsleptoniscool30 comments

It's the biggest drop because the Dow is close to all time highs.

It's far from the biggest percentage drop. Sensationalist headline.

Not only that, but [some film] last summer smashed box office records. Yes, it's the most popular film ever.

I've found that in order to persuade people that something is important, you can either show them percentage deltas or quantity deltas. Pick the one that supports your agenda.

To put things in perspective: https://en.wikipedia.org/wiki/List_of_largest_daily_changes_...

Agree that saying "Biggest Point Drop in History" is a deliberate attention-grabber and incites more fear than it probably should. We should be more concerned with percentage changes and at -4.6% this doesn't even make the top 20 daily percentage drops, which cuts off at -6.98% for number 20 (see above link).

Think this is relevant

https://www.npr.org/sections/money/2017/01/04/508261371/epis...

I agree with the premise, but the Russel 2k[0] and the S&P 500[1] were down similar amounts today (on a percentage basis).

[0]https://www.google.com/search?q=INDEXRUSSELL:RUT&tbm=fin#scs... [1]https://www.google.com/search?q=INDEXSP:.INX&tbm=fin#scso=ui...

The article does note that the S&P 500 has seen a similar decline.

So, finally the correction comes? remember the 2000, then 2008, now it is already passed the 8 year mark, I guess it's finally here...

Yea, it comes just 1 week after I finally relent, and invested a large some of money which was "waiting" for this very correction.

So, guys, next time you want the market to drop just let me know and I'll invest some money.

FML.

What kind of sum? Were you doing dollar-cost averaging?

This kind of shit stressed me out so much to "track" I gave up entirely. Not like I'm ever pulling it out anyway.

edit: https://www.investopedia.com/terms/d/dollarcostaveraging.asp

I felt the same way so I just started investing a litte each month instead

That way it all kind of averages out instead of trying to time the market

It's impossible to time the market. If you are a value investor and see a stock that's undervalued, it's perfectly ok to invest as much as you want right away. In all other case, investing regularly and over time averages the cost. Holding on to it for a long enough period of time gives a consistent and better return.

You only lost a month's worth of "progress", the dip doesn't seem like a big deal unless you wanted to sell something today.

I sold everything in 2008 at the lowest price, had I not done that they all come back eventually. I think it just took a few years to come back as it has been all the time, which is why the saying goes, "don't use the money you will need for the next 5 years to invest", otherwise it should be fine.

It isn't a crash unless the Dow drops more than 10% in a single day. When it drops more than 20% since the last high, it is a bear market. It's still a market correction adjusting to the Fed increasing the interest rate to control inflation. We should be fine in the near future.

So I read that this drop relies on fears the there will be a spike in inflation due to increases in demand from higher wages and job growth? I am interested to see whether the inflation will really come so easily. I've personally been predicting that production can easily meet large increases in demand given current production tech, and international economic systems where multiple supply chains can reroute around locsl disruptions to production.

This is a dupe of https://news.ycombinator.com/item?id=16311632

But this one doesn't require a login to the WSJ to read it.

Edited to add: Are you sure you weren't happy that your story was marked as a dupe?

https://news.ycombinator.com/submitted?id=zitterbewegung

Erm, the other one is CNBC...

I didn’t know if we were treating npr and CNBC as the same I guess I was mistaken sorry .

> As quickly as the market fell, it recovered much of the ground it had lost as investors remembered the economy and corporate earnings remain strong

Amusing.

Obligatory comment about how the Dow is a useless number.

looks at stock market. think: could be worse. could be currently invested in bitcoin.

is it relevant to any cryptocurrencies?

Reply on news.ycombinator.com