On this day in 1987: the stock market crashed. The Dow’s 22.6% one-day drop was the biggest in Wall Street history.
Dow’s biggest one-day % drops: 22.6% (Oct 19, 1987) 12.9% (Mar 16, 2020) 12.8% (Oct 28, 1929) 11.7% (Oct 29, 1929) 9.9% (Mar 12, 2020) 9.9% (Nov 6, 1929) 8.7% (Dec 18, 1899) 8.4% (Aug 12, 1932) 8.3% (Mar 14, 1907) 8.0% (Oct 26, 1987) 7.9% (Oct 15, 2008)
@JonErlichman All long time buying opportunities. Most of them short term buying opportunities as well
@JonErlichman one more, how long it took to recover from drop?
@JonErlichman If 10% of the American wealthy own 89% of the stocks would crashes happen on purpose when the whales move? Look into those historical dates and why the whales would sell their stocks. This life game of monopoly is more real than ever. The American middle class have been pawns.
@JonErlichman @hblodget I was 18. I bought 10 shares of $KO on Oct. 20th. I remember that day like yesterday
@JonErlichman jeesus. this is daily movement even in major cryptos
@JonErlichman And NEXT one is in making as everything is going to the MOON now without much substance and we still have 12 days remaining in Oct 2021!