Did the Stock Market ever drop 160 points when...

[Warren Stuart]

Clinton was president?

[La_Serpiente]

1. Of course

the market was very volatile during the Clinton years.

[whistle]

5. All week analysts have been saying the market is due for a correction...

... and the correction range is for 10% to 20%. At the current index that means 1,000 to 2,000 points! Geeze, nice correction. That ought to give voters who have 401Ks and other such nest eggs some real comfort in knowing that after having taken a bath in 2001 to 2002 stock market, that this market is going to merely give them a dunking. Sure makes you wish you could be one of the protected insiders who are dumping the real dog stocks right now, eh. This would be the perfect time for BushCo and his loyal re-pugs to put that social security privatization bill before congress. :grouphug: :hug:

[jmcgowanjm]

2. Thai Baht Currency Collapse/Fall 1998

[kcwayne]

3. The Asian Crises

In 1998 the DJIA dropped around 500 points when the Asian markets were being decimated and the Thai currency collapsed. It was a larger drop than the Black Monday crash under Reagan, but it was a smaller percentage of the market value.

[Bromd]

4. Yeah, it dropped.

Yes, the best example was when Microsoft was trust busted.


Funny though, it wasn't a recession until after Bush was president though the claim is still made that Clinton handed him a recession.

Bromd

[YNGW]

6. Charts

The chart I regularily use...

http://bigcharts.marketwatch.com

...going back a decade doesn't break it down on a day-by-day basis, but did show some interesting data.

These are all DJIA numbers showing what the market closed at the end of a particular week.

08/25/98.......8,602.65
09/01/98.......7,827.43


09/14/99.......10,910.33
09/21/99.......10,598.47
10/19/99.......10,204.93


01/24/00.......11,008.17
03/08/00.......9,856.53


08/23/00.......11,144.65
10/13/00.......10,192.18


The 8/25/98 to 9/1/98 drop averaged around 155 pts per day drop in that week, so likely it dropped more than 160 pts on at least one or two of those days.

The market at his level can handle drops of several hundred points without adverse effects, so I'm not in the least concerned.

[jmcgowanjm]

7. so I'm not in the least concerned.Complacency, sign of transition

several hundred points without adverse effects.

A trader will see this as your "Stop" and trade down to this
level.

[YNGW]

8. The market isn't one person.

Complacent? No. Steadfast and alert? Yes. I have the proper mechanisms in place. I've been in the market since the mid 60's and have come out way ahead. Always invested long term. How other people buy and sell is up to them.

[jmcgowanjm]

9. Even better

You've been in the market since the mid 60's
and you've been successful means that you are the market.

Everyone's watching you unless you've told no one
of your prowess.

[spanone]

10. Didn't you hear bush* yesterday? The economy is doing great!!!!

everything is swell. The only thing missing is those pesky jobs.