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A comment on No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250. Parent comment

Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by kart23 on Tuesday November 20, 2018 @10:04AM (#18494241)
Even index stocks are in free fall right now. Check again. VOO has dropped 1.5% today, which is pretty bad for an index stock.
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Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by ceejayoz on Tuesday November 20, 2018 @10:06AM (#18494270)
> VOO has dropped 1.5% today, which is pretty bad for an index stock.

Uh, what? An index stock mirrors, as closely as possible, the market it's indexing. If the market goes down 1.5% - which is extremely common - so will VOO.

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Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by sneak on Tuesday November 20, 2018 @10:23AM (#18494418)
I think GP meant it is pretty bad in the market if the composite index average (and thus index ETF) is down 1.5% in a single day.
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Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by ceejayoz on Tuesday November 20, 2018 @10:28AM (#18494470)
Which is a silly claim. The markets being down (or up) 1.5% is an unremarkable trading day.

https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs...

Per this chart, almost 20% of Dow trading days fall in the 1-2% change range.

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