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This brutal stock-market rout mirrors the 1987 crash in 1 important way
Average daily moves for three stock gauges are the worst since 1987, according to Dow Jones Market Data
As the Dow Jones Industrial Average confronts its ugliest December loss since 1931, the time of the Great Depression, there is another notable way to put the severity of this persistent bout of losses into historical context.
If current conditions hold, it would mark the worst average daily moves for the Dow DJIA, -1.81% the S&P 500 index SPX, -2.06% and the Russell 2000 index RUT, -2.49% since October of 1987, according to Dow Jones Market Data.
In market lore, October of 1987 is a period that remains infamous. On Oct. 19, the Dow sank 22.6% in a single session, marking its steepest percentage drop ever, with trading during that period under pressure all month until the final crash.
...
https://www.marketwatch.com/story/this-b...2018-12-21
Average daily moves for three stock gauges are the worst since 1987, according to Dow Jones Market Data
As the Dow Jones Industrial Average confronts its ugliest December loss since 1931, the time of the Great Depression, there is another notable way to put the severity of this persistent bout of losses into historical context.
If current conditions hold, it would mark the worst average daily moves for the Dow DJIA, -1.81% the S&P 500 index SPX, -2.06% and the Russell 2000 index RUT, -2.49% since October of 1987, according to Dow Jones Market Data.
In market lore, October of 1987 is a period that remains infamous. On Oct. 19, the Dow sank 22.6% in a single session, marking its steepest percentage drop ever, with trading during that period under pressure all month until the final crash.
...
https://www.marketwatch.com/story/this-b...2018-12-21
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