This Dow drop is much larger than the one when the House rejected the financial bailout in 2008.
Fair ... it's a lower percentage. I just remembered that day because it was so crazy watching it ... and it was less than 800 points.
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In 87 Dow crashed ~500 points but back then it was ~23%!
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In 1929 it dropped 68 points in two days. Thats sixty-eight points. But It wiped out 1/4 of the markets wealth & helped trigger the depression. Today was a hiccup. At least so far.
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Journos should get familiar with short volatility right about now.
End of conversation
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