News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
I feel like using percentages would be more meaningful. The Dow Jones peaked at 381 just before crashing in 1929. So using absolute numbers can't be compared because the entire DJ wasn't worth the drops we are seeing today.
I in 1929 it lost~10-12% on its worst days
So far Trump is losing ~5% approx each day
It's not exactly a stellar endorsement. I'm only saying that you are comparing things at today's dollar value, when the value of currency changes over time.
This Wikipedia page shows that the worst days by percentage are not where we are yet.
However... Rank, President (AFFILIATION), date, DJ, Point loss, %loss
1 Reagan (R), 1987-10-19, 1738.74, −508.00, −22.61%
2 Trump (R), 2020-03-16, 20188.52, −2997.10, −12.93%
3 Hoover (R), 1929-10-28, 260.64, −38.33, −12.82%
4 Hoover (R), 1929-10-29, 230.07, −30.57, −11.73%
5 Trump (R), 2020-03-12, 21200.62, −2352.60, −9.99%
6 Hoover (R), 1929-11-06, 232.13, −25.55, −9.92%
7 McKinley (R), 1899-12-18, 58.27, −5.57, −8.72%
8 Hoover (R), 1932-08-12, 63.11, −5.79, −8.40%
9 T. Roosevelt (R), 1907-03-14, 76.23, −6.89, −8.29%
10 Reagan (R), 1987-10-26, 1793.93, −156.83 , −8.04 %
All republicans. I note that the biggest daily gains were also republicans but most of them are related to the big drops e.g a day, week or month later, so they basically tank the index then the index recovers some time later.
Ah, that explains it. Trump is just trying to beat Reagan's record.
I don't think it's possible. Doesn't trading now stop for the day now if it drops 20%?
Maybe he'll try and get everybody to trade at a single moment so the trades go over it. Like starting a war.