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mmerlinn
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Question By mmerlinn
Viewed: 2,674
6 years 7 months ago
6 years 7 months ago
So, the Dow has dropped 274 points - Is that significant?
Topics:
Stocks & Bonds, Economy, Business
In a word, NO! that is ONLY a drop of 1.2% which is nothing in the big picture. Drops of 5% are fairly common as are drops of 10%, though less common. Even a 10% does not qualify as "end of the world!" My definition of 'crash' is a 40% (yes, FORTY percent) drop in 56 days. Has it happened in the past? Yes, 1929, 1987, 1997, & 2008 for example. Will it happen again? Absolutely. Just a question of WHEN.

So, when is the NEXT crash due? 2019. Depending on how Trump handles that crash will depend on whether he remains in office, or is forced to leave. Either way, it will look VERY bad for Trump.
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