Title : "This market decline so far has returned the market roughly to its level in mid-December, less than two months ago."
link : "This market decline so far has returned the market roughly to its level in mid-December, less than two months ago."
"This market decline so far has returned the market roughly to its level in mid-December, less than two months ago."
"The 7.8 percent drop in the Standard & Poor’s 500 over the last six trading days is similar in scale and speed to drops in January 2016 and August 2015, neither of which left lasting scars, and is short of the 10 percent drop that would qualify as a market correction. But some common cognitive errors are making this sell-off seem more dramatic than it is.... The Dow fell by 1,175 points Monday, which represents a quite large 4.6 percent decline. But while it was the biggest single-day point decline, there were steeper percentage declines on several occasions during the global financial crisis and its aftermath, not to mention the 508- point drop in the Dow in 1987 that represented a 22.6 percent market crash."From "Context Matters. The Stock Market Drop Is Less Scary Than It Seems/It can be easy to be misled by big point swings after a long period of quiet in global markets," by Neil Irwin in the NYT.
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