Re:Dow Plunges 1,175, the Biggest Point Drop in History
by cabaalis on Monday February 05, 2018 @06:01PM
(#16313052)
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.
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).
Re:Dow Plunges 1,175, the Biggest Point Drop in History
by 8ytecoder on Monday February 05, 2018 @06:02PM
(#16313057)
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.
Re:Dow Plunges 1,175, the Biggest Point Drop in History
by ausjke on Monday February 05, 2018 @08:25PM
(#16313784)
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.
Re:Dow Plunges 1,175, the Biggest Point Drop in History
by zappo2938 on Monday February 05, 2018 @06:01PM
(#16313051)
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.
Re:Dow Plunges 1,175, the Biggest Point Drop in History
by SubiculumCode on Monday February 05, 2018 @06:08PM
(#16313099)
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.
Re:Dow Plunges 1,175, the Biggest Point Drop in History
by seabird on Monday February 05, 2018 @06:10PM
(#16313104)
Of all of the intentionally myopic takes on the Trump economy so far, this one grinds my gears the most. Yes, it is factually correct to say that there's economic activity outside publicly traded companies. However, the stock market is an effective gauge of investor confidence and a sign of the overall economic climate. It's delusional to try and act like the huge shift in stance toward big business and tax reform hasn't roused some executives to aggressively expand.
To take things to extremes for the sake of illustration, you could also say that violent suppression of a specific religion under an authoritarian regime doesn't describe the human rights stance of that regime. Is that possible? Yes. Is that likely? Not very.
It's far from the biggest percentage drop. Sensationalist headline.
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).
https://www.npr.org/sections/money/2017/01/04/508261371/epis...
[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...
So, guys, next time you want the market to drop just let me know and I'll invest some money.
FML.
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
That way it all kind of averages out instead of trying to time the market
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
Amusing.
https://news.ycombinator.com/newsguidelines.html
To take things to extremes for the sake of illustration, you could also say that violent suppression of a specific religion under an authoritarian regime doesn't describe the human rights stance of that regime. Is that possible? Yes. Is that likely? Not very.
I’m also not blaming him. At least, not for this specific story that this particular thread is commenting on; there’s plenty I do blame him for.
When they feel good about something they invest in it. When they don't they invest in gold, or something else.