posted on Jul, 31 2014 @ 04:09 PM
a reply to: FlyersFan
while I agree that a drop of less than 2% isn't worth worrying about, there's a large number of people out there with little understanding as to the
minimal size of this drop and, coupled with the media talking about how the dow dropped 300 points and the markets are now negative for the year, you
might see a bit of panic tomorrow. If that happens, and we see another 2% drop, Monday could prove to be an ugly day as those that were on the fence
about the today's drop will have a weekend to kick themselves for not getting out. If that happens, your 10% drop is a definite possibility.
If you look at the 87 crash, and the days preceding it, a similar event happened although the drops were between 3-5% instead of today's less than
2%. Also of note, to give you insight into the insignificance of a 300 point drop, the 1987 crash was just over 500 points but it accounted for 22%
of the market's value.