be afraid! Be very afraid!

The retirement trust fund managers count on a 7.5% or more annual return to fund employee benefits and individuals with 401ks count on this also. So it was ALREADY a terrible year BEFORE December began.

It is this: Republicans will pillage the economy in the first year so the very rich can grab more than they already have. Then they allow the economy to crash, or they actively trash it.

After the February drop, I waited for a bit of a recovery and then got out entirely. Glad I did. I'm up about 5% on the year, as opposed to being down 9%

That decline from Oct 2007 until Mar 2009 was about 65% give or take.
The decline from Dec 3, 2018 till now is about 14%. Not nearly as much.

Of course... that IS in less than 3 weeks. :&gt )

From 2/1/2009 until 3/1/2009 it dropped about 25%.

I'm probably just chiming in because I'm bored today with the blahs.
Don't feel like 3 hours of practice, going to the gym, or cooking for three guests tonight.

Which also means my figures could be way off..

The market value in 2008 was a little more than half the value at it's high this year.

So to make a fair comparison you need to think in terms of a percentage drop. i'm not going to calculate the actual number but a 3200 point drop in today's market represents about a 1600 point drop in the market of 2008. That's how I look at it...

In comparison, in 1929 the market dropped 68.9 points over 2 days, followed by another 190 point slide, leading to a 12 year depression.

But Trump is huge on pointing out actual point gains. "We hit 20,000! I need everyone to physically, actually pat me on the back". There are also numerous tweets talking about point drops during other presidencies. I'm just pointing out the metric he focuses on.

historical contexts of prior market drops, now I know!

Screw all of the mechanical storage devices out there in the marketplace, DU users are a storage depository of the best kind!!

stocks out the average,well the real story would even uglier.

This is what happens when Wall Street Markets a flawed product.

2931   All time peak, Sept 20
2638   Correction territory (down 10% from peak ) is long behind us
2417   Today's close (down 17.5% from peak)
2345   Bear market begins at 20% down -- just 72 more points from today
2264   Last close before Inauguration Day
2198   Down 25% from peak

https://finance.yahoo.com/quote/%5EGSPC/history?p=%5EGSPC

We're still in the longest or one of the longest bull markets in history (beginning March 9, 2009 when the S&P 500 closed at 677) -- that officially ends when we hit 20% and officially enter a bear market.

Would not a more relevant number be the change in P/E ratio in both 2008 and today? That would take out the inflation in the economy.