August 5 and 14 of 2019 have seen the 7th and 8th largest point drops of the S&P 500 ever recorded

submitted by magnora7 from en.wikipedia.org

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[–]sodasplash 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

You're seeing large point drops because the markets are at all time highs but relatively speaking not large percentage drops.

We'll certainly continue to have volatility in the short term, much like in 2014. I wouldn't confuse that with a negative economic indicator.

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

You're seeing large point drops because the markets are at all time highs but relatively speaking not large percentage drops.

That's true, but it's still noteworthy, I think. They're like the 100th biggest percentage drops or something like that, and to have two so close... doesn't look like a stable market to me. It's just another canary in the coalmine

[–]sodasplash 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Do you remember 2014?

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Yeah and I remember 2011. But I also remember 2008.

[–]sodasplash 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Which is the problem.