U.S. stocks in freefall

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nedsaid
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Re: U.S. stocks in freefall

Postby nedsaid » Wed Jun 10, 2015 3:09 pm

Leeraar wrote:
nedsaid wrote:I notice the market is up pretty strongly today. It seems like the US Stock Market goes down for a few days and this thread pops up again. After the thread runs for a while, the market seems to head right back up! I have joked about this in the past, but this thread has been a pretty good contrary indicator.

Like all such indicators, it will work until it does not.

L. :)


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Re: U.S. stocks in freefall

Postby HomerJ » Wed Jun 10, 2015 3:20 pm

Miguelito wrote:I dunno about freefall, but while I have left our retirement accounts untouched (they represent over 80% of our investments), I did sell off all of my taxable account positions recently and we are 100% cash.

I think this market is going to tread water for a while (as it has all year), and rates will go up so I am not confident on bonds either. I think there is a bigger chance of a 10-15% correction than there is of a 5-10% rally in the next year. Rates are almost surely going up sometime in the next year, so I'll wait it out and see how that pans out before going back in on the taxable side.

Yes, I'm bad and trying to time the market, but for the most part, I'm pretty good in the macro sense.


Back when the S&P500 was at 1800, someone else pointed almost this exact same thing.... "I think the market has a bigger chance of a big correction than a small gain"... and he said he went 100% to cash...

He hasn't posted in a while... Very tough if the market goes up another 15% while you sit on the sidelines... then what? You don't want to get in then, because now you're even MORE sure a crash is due... but then the market goes up another 10%! Now you really don't know what to do!

I'm sure there were people back in 1996 when the DOW was at 6000 who got out after the DOW had tripled, waiting for the correction, and never again saw the DOW drop to 6000 again (although close in 2009)

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Re: U.S. stocks in freefall

Postby Miguelito » Wed Jun 10, 2015 3:31 pm

HomerJ wrote:Back when the S&P500 was at 1800, someone else pointed almost this exact same thing.... "I think the market has a bigger chance of a big correction than a small gain"... and he said he went 100% to cash...

He hasn't posted in a while... Very tough if the market goes up another 15% while you sit on the sidelines... then what? You don't want to get in then, because now you're even MORE sure a crash is due... but then the market goes up another 10%! Now you really don't know what to do!

I'm sure there were people back in 1996 when the DOW was at 6000 who got out after the DOW had tripled, waiting for the correction, and never again saw the DOW drop to 6000 again (although close in 2009)


Of course it's a risk. Which is why I'm only making the move with less than 10% of my investments.

Also, in 1996, the market had not just gone on a 7-year 160% return tear. Finally, as we all know now, the dot.com boom, a pretty enormous emerging catalyst, was starting to take place. Finally, geopolitically, the late 90's was the safest the world has ever been in my lifetime.

All I said was that I want to see how the market reacts to the (IMO inevitable) interest rate hikes. Also, I am not predicting doom or even a big crash. I simply said I think the market will tread water for a year, and that IF there is a biggish swing, it's more likely to be down than up.

If the market goes up, I'll be very happy as most of our money is still invested in stocks.

FWIW, when the rally was at 14k I thought the market might rest for a while, but resisted the temptation and stayed on at 100% stocks. Only when the market hit 16k did I think maybe I shouldn't be at 100% and moved to 85/15, which is reasonable and probably still a bit aggressive for my age. That's still where I am today.

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walletless
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Re: U.S. stocks in freefall

Postby walletless » Mon Jun 29, 2015 10:18 am

bump :D

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Re: U.S. stocks in freefall

Postby Browser » Mon Jun 29, 2015 10:30 am

walletless wrote:bump :D

It's Drop Day!
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Re: U.S. stocks in freefall

Postby Day9 » Mon Jun 29, 2015 10:38 am

Price changes of select tickers on today's Open and at the current time (11:30am eastern)

Vanguard Total International (VXUS)
Open: -1.78%
11:30am: -2.3%

Vanguard Growth (VUG)
Open: -0.8%
11:30am: -1.1%

Vanguard Small Cap Value (VBR)
Open: -0.65%
11:30am: -1.0%

Price of Long Term Treasuries (TLT)
Open: +1.5%
11:30am: +1.8%

Gold (GLD)
Open: +0.2%
11:30am: +0.4%

Silver (SLV)
Open: No change
11:30am: -0.5%

*Yawn*. Call me when we have another October 19 1987. Stay the course,fellas. :beer
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Re: U.S. stocks in freefall

Postby Leeraar » Mon Jun 29, 2015 11:27 am

Greece GDP: $241 billion.
Walmart Revenue: $485 billion.

L.
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Re: U.S. stocks in freefall

Postby Browser » Mon Jun 29, 2015 11:31 am

Leeraar wrote:Greece GDP: $241 billion.
Walmart Revenue: $485 billion.

L.

I have a cruise around Walmart booked next month. :D
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Re: U.S. stocks in freefall

Postby GoldenFinch » Mon Jun 29, 2015 11:39 am

Considering my formative investment years began in 1998ish, I have nerves of steel. Forget RBDs, it would take several RBYs to even make me blink. :D

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Re: U.S. stocks in freefall

Postby Leeraar » Mon Jun 29, 2015 11:57 am

Browser wrote:
Leeraar wrote:Greece GDP: $241 billion.
Walmart Revenue: $485 billion.

L.

I have a cruise around Walmart booked next month. :D

Actually, our local Walmart has a classic car cruise in their parking lot every Wednesday night. It's free.

L. :D
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Re: U.S. stocks in freefall

Postby Browser » Mon Jun 29, 2015 12:10 pm

OK, we're down about 250 on the DOW (1.3%) at about 1 pm Eastern and it's leaking away. Slomo freefall.
We don't know where we are, or where we're going -- but we're making good time.

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Re: U.S. stocks in freefall

Postby surfstar » Mon Jun 29, 2015 12:21 pm

Hope it stays down until Fri - my payroll contributions go in Thu at close!

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Re: U.S. stocks in freefall

Postby Uncle Pennybags » Mon Jun 29, 2015 12:33 pm

Image

U5512
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Re: U.S. stocks in freefall

Postby U5512 » Mon Jun 29, 2015 12:54 pm

Leeraar wrote:Greece GDP: $241 billion.
Walmart Revenue: $485 billion.

L.



"The White House says Greece's debt crisis poses no major, direct threat to the U.S. economy.

White House spokesman Josh Earnest says that's because the U.S. exposure to Greece's economy is small."
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Re: U.S. stocks in freefall

Postby DaftInvestor » Mon Jun 29, 2015 12:58 pm

walletless wrote:bump :D


I scratch my head every time I see someone bump this thread for a 1% - 2% drop.

Is it because some people on this thread actually consider 1% a free fall? Or is it that we are making fun of the media going crazy over a 1% drop?

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Re: U.S. stocks in freefall

Postby bcjb » Mon Jun 29, 2015 1:04 pm

The size of Greece isn't the reason for the panic (or worry; I wouldn't call it a panic). In any case, not about Greece, it's about the possible knock-on effect on the Eurozone (first the periphery then the rest) and by extension, since the EU is still the largest economy in the world, the US.

On another note, I really like this thread and its title -- really helps keep things in perspective. On a bad day I wonder whether there will be any new posts. :) No, a 1% drop isn't a 'freefall' but the media - and sometimes even Bogleheads - like to exaggerate. This thread is like a security blanket. :)
Last edited by bcjb on Mon Jun 29, 2015 1:51 pm, edited 1 time in total.

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Re: U.S. stocks in freefall

Postby Doom&Gloom » Mon Jun 29, 2015 1:04 pm

Browser wrote:
Leeraar wrote:Greece GDP: $241 billion.
Walmart Revenue: $485 billion.

L.

I have a cruise around Walmart booked next month. :D


Be sure to pack your sail phone so you can drift in the isle where no other tourists can sale around you!

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Re: U.S. stocks in freefall

Postby sambb » Mon Jun 29, 2015 1:29 pm

Sooner or later the bull will end. Is this the time? Could be. Or maybe not.
Hope it isn't. Would like to keep my profits.

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Re: U.S. stocks in freefall

Postby jhfenton » Mon Jun 29, 2015 1:46 pm

DaftInvestor wrote:
walletless wrote:bump :D


I scratch my head every time I see someone bump this thread for a 1% - 2% drop.

Is it because some people on this thread actually consider 1% a free fall? Or is it that we are making fun of the media going crazy over a 1% drop?

I assume it's the latter. Neither the folks bumping it or the folks responding ever sound panicked. I take it as a joke, and an invitation to discuss whatever news is triggering the noise, if there is obvious news triggering the noise.

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Re: U.S. stocks in freefall

Postby Browser » Mon Jun 29, 2015 1:58 pm

jhfenton wrote:
DaftInvestor wrote:
walletless wrote:bump :D


I scratch my head every time I see someone bump this thread for a 1% - 2% drop.

Is it because some people on this thread actually consider 1% a free fall? Or is it that we are making fun of the media going crazy over a 1% drop?

I assume it's the latter. Neither the folks bumping it or the folks responding ever sound panicked. I take it as a joke, and an invitation to discuss whatever news is triggering the noise, if there is obvious news triggering the noise.

WHO'S NOT PANICKED??? (btw, why is a "k" added to the word panic in the past tense?)

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Re: U.S. stocks in freefall

Postby protagonist » Mon Jun 29, 2015 2:05 pm

Browser wrote:WHO'S NOT PANICKED??? (btw, why is a "k" added to the word panic in the past tense?)



I can answer the second part. Because otherwise the "c" would be pronounced like an "s" . Maybe in another sentury the "c" will be dropped kompletely.

The first question is beyond my grasp. I have no idea who besides me has not panicked. I had no idea the market dropped. I haven't checked it in at least a month. I hope I am not broke.

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Re: U.S. stocks in freefall

Postby Browser » Mon Jun 29, 2015 3:27 pm

Whoops! Down 350. Buy, sell, or hide?
We don't know where we are, or where we're going -- but we're making good time.

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Re: U.S. stocks in freefall

Postby samuck » Mon Jun 29, 2015 3:28 pm

sambb wrote:Sooner or later the bull will end. Is this the time? Could be. Or maybe not.
Hope it isn't. Would like to keep my profits.


Depends on your age and need - I have still many years of investing ahead of me so I'd prefer a drop rather sooner than later...

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Re: U.S. stocks in freefall

Postby Rick Ferri » Mon Jun 29, 2015 3:56 pm

Question: How many daily declines of 1.5% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 13

Question: How many daily declines of 2.0% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 6

Don't jump out a window.

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Re: U.S. stocks in freefall

Postby cfs » Mon Jun 29, 2015 4:01 pm

Thanks Rick Ferri for the good information. Sigamos then.

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Re: U.S. stocks in freefall

Postby Leeraar » Mon Jun 29, 2015 4:07 pm

[OT comments removed by admin LadyGeek]
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Re: U.S. stocks in freefall

Postby LadyGeek » Mon Jun 29, 2015 4:21 pm

Please stay on-topic.
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Re: U.S. stocks in freefall

Postby zaboomafoozarg » Mon Jun 29, 2015 6:05 pm

Odd, I expected emerging markets (-2.21%) to drop more today than total international (-2.75%), but that wasn't the case. Maybe because non-EM international countries have more interaction with Greece?

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Re: U.S. stocks in freefall

Postby letsgobobby » Mon Jun 29, 2015 8:37 pm

I had a beautiful 8 mile hike to Emerald Ridge on Mt Rainier today, following yesterday's 15 mile butt kicker to Indian Bar. Saw the mountain from the southeast yesterday, and the west today. Finished off today's hike with an hour in the warm shade, cold beer in hand, lounging in my folding chair, afternoon sun reflecting off the three thousand foot cliffs, listening to the roar of the South Puyallup river as the boulders bounced their way toward Puget Sound.

I did not think about the stock market even once, all weekend. Days like today will be long forgotten by the time I retire.

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Re: U.S. stocks in freefall

Postby Thebigc » Mon Jun 29, 2015 9:24 pm

Maybe Walmart could buy Greece, they both rep the blue and the white so perfect match. You know if the S&P is down about 25-26 points tomorrow, you are looking at a 5% drop in 5 days. Between the bond market, a mildly high equity market, China, Greece, Puerto Rico, intrest rates, and Carl Icahn stirring the pot and setting up for a buy, we could be looking at the triggers for a correction.

I'm all for a correction, people been stressing about it for too long. Bring it on, lets get it over with and move along. Besides I got some money to spend, spent a little today, may spend a little more, not sure on what though. If it drops enough there will be a ton of good buys out there. I don't know for me it's not a time to panic but a time to shop. I mean I could panic, I can build a bunker in my backyard, by 10 years worth of MRE's, ramen noodles, tang and bottled water, load up on guns and ammo, buy gold, a goalie mask and change my name to the Great Humongous. But it seems a little drastic for a perfectly normal drop. Still though I have been told I look good in a goalie mask. Not really sure it's a complement.

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Re: U.S. stocks in freefall

Postby fortyofforty » Mon Jun 29, 2015 9:35 pm

samuck wrote:Depends on your age and need - I have still many years of investing ahead of me so I'd prefer a drop rather sooner than later...


Problem comes when it's not either-or, but both. You just never know.
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Re: U.S. stocks in freefall

Postby ofcmetz » Mon Jun 29, 2015 9:42 pm

Rick Ferri wrote:Question: How many daily declines of 1.5% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 13

Question: How many daily declines of 2.0% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 6

Don't jump out a window.

Rick Ferri



For some reason I thought there was more of both the 1.5% and 2% down days. Either way this helps keep things in perspective. I'll add that it's ok to jump out of a window as long as it's open and on the first floor.
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Re: U.S. stocks in freefall

Postby livesoft » Mon Jun 29, 2015 9:52 pm

^ The S&P 500 is too broad a market index to have many plus-or-minus >2% days.

Question: How many 2+% days (up or own) has the REIT index or the Emerging Markets index had since 1/1/2014?

As an aside, a mere 2% down movement does not make a day really bad.
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Re: U.S. stocks in freefall

Postby Browser » Mon Jun 29, 2015 9:54 pm

I love these days when this old friend thread gets all stirred up again. It makes me feel so A-L-I-V-E :!:
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Re: U.S. stocks in freefall

Postby abuss368 » Mon Jun 29, 2015 10:34 pm

Rick Ferri wrote:Question: How many daily declines of 1.5% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 13

Question: How many daily declines of 2.0% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 6

Don't jump out a window.

Rick Ferri


Thank you Rick!
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Re: U.S. stocks in freefall

Postby fourwedge » Mon Jun 29, 2015 11:07 pm

If we can just get some more days like this!!! I love to buy when it goes down!
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Re: U.S. stocks in freefall

Postby oragne lovre » Tue Jun 30, 2015 12:23 am

surfstar wrote:Hope it stays down until Fri - my payroll contributions go in Thu at close!


I second it.
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Re: U.S. stocks in freefall

Postby ZumZabo » Tue Jun 30, 2015 8:33 am

Leeraar wrote:Greece GDP: $241 billion.
Walmart Revenue: $485 billion.

L.

That is brill. Really puts it in perspective. I often wonder why a small country who has a long history of not collecting taxes or paying their bills should rock the world economy. Like one small company defaulting on a loan imploding the stock prices of the entire banking industry.
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Re: U.S. stocks in freefall

Postby Browser » Tue Jun 30, 2015 8:39 am

ZumZabo wrote:
Leeraar wrote:Greece GDP: $241 billion.
Walmart Revenue: $485 billion.

L.

That is brill. Really puts it in perspective. I often wonder why a small country who has a long history of not collecting taxes or paying their bills should rock the world economy. Like one small company defaulting on a loan imploding the stock prices of the entire banking industry.

It's not about Greece. It's about the Euro. Does anybody get this?
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Re: U.S. stocks in freefall

Postby ZumZabo » Tue Jun 30, 2015 8:41 am

jhfenton wrote:
DaftInvestor wrote:
walletless wrote:bump :D


I scratch my head every time I see someone bump this thread for a 1% - 2% drop.

Is it because some people on this thread actually consider 1% a free fall? Or is it that we are making fun of the media going crazy over a 1% drop?

I assume it's the latter. Neither the folks bumping it or the folks responding ever sound panicked. I take it as a joke, and an invitation to discuss whatever news is triggering the noise, if there is obvious news triggering the noise.


+1
I think this thread is hilarious every time it resurfaces. It's amusing but it also gives perspective. It evokes comments from some seasoned pros that help less seasoned investors see the benefits of staying the course.
What made me think I could start clean slated? The hardest to learn was the least complicated: Emily Saliers / And if I claim to be a wise man, it surely means that I don't know: Kerry Livgren

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Re: U.S. stocks in freefall

Postby ZumZabo » Tue Jun 30, 2015 9:01 am

Browser wrote:
ZumZabo wrote:
Leeraar wrote:Greece GDP: $241 billion.
Walmart Revenue: $485 billion.

L.

That is brill. Really puts it in perspective. I often wonder why a small country who has a long history of not collecting taxes or paying their bills should rock the world economy. Like one small company defaulting on a loan imploding the stock prices of the entire banking industry.

It's not about Greece. It's about the Euro. Does anybody get this?


Unless it's too far off topic, could you explain? The euro is a currency. How does a small country not repaying a debt impact the validity the currency of many countries? I know it can affect the value of the currency in the eyes of speculators but does it permanently effect its value as a medium of exchange? The euro is hovering around the same price level it has been for months. No major move down.
What made me think I could start clean slated? The hardest to learn was the least complicated: Emily Saliers / And if I claim to be a wise man, it surely means that I don't know: Kerry Livgren

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Re: U.S. stocks in freefall

Postby Browser » Tue Jun 30, 2015 9:17 am

Rick Ferri wrote:Question: How many daily declines of 1.5% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 13

Question: How many daily declines of 2.0% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 6

Don't jump out a window.

Rick Ferri

In the interests of complete accuracy (I don't trust anybody), I checked the actual daily returns on Yahoo and the actual number of times that the S&P lost more than 2% daily since 1/1/2014 is 3, (excluding yesterday). Those occurred on 1/24/2014, 2/2/2014, and 4/10/2014, which illustrates the fact that bad days tend to cluster. Until yesterday 6/29/2015 we haven't had a 2% down day for over 14 months. More to come?
We don't know where we are, or where we're going -- but we're making good time.

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Re: U.S. stocks in freefall

Postby LadyGeek » Tue Jun 30, 2015 9:58 am

ZumZabo wrote:
Browser wrote:
ZumZabo wrote:
Leeraar wrote:Greece GDP: $241 billion.
Walmart Revenue: $485 billion. L.
That is brill. Really puts it in perspective. I often wonder why a small country who has a long history of not collecting taxes or paying their bills should rock the world economy. Like one small company defaulting on a loan imploding the stock prices of the entire banking industry.
It's not about Greece. It's about the Euro. Does anybody get this?

Unless it's too far off topic, could you explain? The euro is a currency. How does a small country not repaying a debt impact the validity the currency of many countries? I know it can affect the value of the currency in the eyes of speculators but does it permanently effect its value as a medium of exchange? The euro is hovering around the same price level it has been for months. No major move down.

Larry Swedroe has posted an academic paper summarizing the Greek crisis: excellent summary of the Greek crisis by U of Chicago Professor

Please keep comments factual and focused on investing.
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Re: U.S. stocks in freefall

Postby ZumZabo » Tue Jun 30, 2015 10:03 am

Thank you very much for the links Lady Geek.
What made me think I could start clean slated? The hardest to learn was the least complicated: Emily Saliers / And if I claim to be a wise man, it surely means that I don't know: Kerry Livgren

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Re: U.S. stocks in freefall

Postby Rick Ferri » Tue Jun 30, 2015 10:06 am

Browser wrote:
Rick Ferri wrote:Question: How many daily declines of 1.5% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 13

Question: How many daily declines of 2.0% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 6

Don't jump out a window.

Rick Ferri

In the interests of complete accuracy (I don't trust anybody), I checked the actual daily returns on Yahoo and the actual number of times that the S&P lost more than 2% daily since 1/1/2014 is 3, (excluding yesterday). Those occurred on 1/24/2014, 2/2/2014, and 4/10/2014, which illustrates the fact that bad days tend to cluster. Until yesterday 6/29/2015 we haven't had a 2% down day for over 14 months. More to come?

S&P 500 down more than 1.5% since Jan. 1, 2014 on these days:

6/29/15
3/10/15
1/5/15
12/12/14
12/10/14
10/13/14
10/9/14
10/7/14
9/25/14
7/31/14
4/10/14
2/3/14
1/24/14

S&P 500 down more than 2.0% since Jan. 1, 2014 on these days:

6/29/15
10/9/14
7/31/14
4/10/14
2/3/14
1/24/14

Rick Ferri
Last edited by Rick Ferri on Tue Jun 30, 2015 10:08 am, edited 1 time in total.
The views expressed by Rick Ferri are strictly his own as a private investor and author and do not reflect the views of any entity or other persons.

Browser
Posts: 4857
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Re: U.S. stocks in freefall

Postby Browser » Tue Jun 30, 2015 10:19 am

Rick Ferri wrote:
Browser wrote:
Rick Ferri wrote:Question: How many daily declines of 1.5% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 13

Question: How many daily declines of 2.0% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 6

Don't jump out a window.

Rick Ferri

In the interests of complete accuracy (I don't trust anybody), I checked the actual daily returns on Yahoo and the actual number of times that the S&P lost more than 2% daily since 1/1/2014 is 3, (excluding yesterday). Those occurred on 1/24/2014, 2/2/2014, and 4/10/2014, which illustrates the fact that bad days tend to cluster. Until yesterday 6/29/2015 we haven't had a 2% down day for over 14 months. More to come?

S&P 500 down more than 1.5% since Jan. 1, 2014 on these days:

6/29/15
3/10/15
1/5/15
12/12/14
12/10/14
10/13/14
10/9/14
10/7/14
9/25/14
7/31/14
4/10/14
2/3/14
1/24/14

S&P 500 down more than 2.0% since Jan. 1, 2014 on these days:

6/29/15
10/9/14
7/31/14
4/10/14
2/3/14
1/24/14


Rick Ferri

Well, close but no cigar on the 2% down days. It was down 1.97% on 7/31/14 and 1.98% on 10/9/14. The correct answer (according to Yahoo daily returns data) is 4 losses of greater than 2% including yesterday's loss.
We don't know where we are, or where we're going -- but we're making good time.

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Re: U.S. stocks in freefall

Postby LadyGeek » Tue Jun 30, 2015 10:29 am

I removed some off-topic posts on the spelling of "panic" in the past tense. Please stay focused on investing.
To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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Rick Ferri
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Re: U.S. stocks in freefall

Postby Rick Ferri » Tue Jun 30, 2015 10:48 am

Browser wrote:
Rick Ferri wrote:
Browser wrote:
Rick Ferri wrote:Question: How many daily declines of 1.5% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 13

Question: How many daily declines of 2.0% or more have occurred in the S&P 500 since January 1, 2014?

Answer: 6

Don't jump out a window.

Rick Ferri

In the interests of complete accuracy (I don't trust anybody), I checked the actual daily returns on Yahoo and the actual number of times that the S&P lost more than 2% daily since 1/1/2014 is 3, (excluding yesterday). Those occurred on 1/24/2014, 2/2/2014, and 4/10/2014, which illustrates the fact that bad days tend to cluster. Until yesterday 6/29/2015 we haven't had a 2% down day for over 14 months. More to come?

S&P 500 down more than 1.5% since Jan. 1, 2014 on these days:

6/29/15
3/10/15
1/5/15
12/12/14
12/10/14
10/13/14
10/9/14
10/7/14
9/25/14
7/31/14
4/10/14
2/3/14
1/24/14

S&P 500 down more than 2.0% since Jan. 1, 2014 on these days:

6/29/15
10/9/14
7/31/14
4/10/14
2/3/14
1/24/14


Rick Ferri

Well, close but no cigar on the 2% down days. It was down 1.97% on 7/31/14 and 1.98% on 10/9/14. The correct answer (according to Yahoo daily returns data) is 4 losses of greater than 2% including yesterday's loss.


My data is directly from S&P and I assure you it is 100% accuarate. Don't know where Yahoo data is coming from. Is it the return of a fund or ETF? Is it total return or price only?

Rick Ferri
The views expressed by Rick Ferri are strictly his own as a private investor and author and do not reflect the views of any entity or other persons.

livesoft
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Re: U.S. stocks in freefall

Postby livesoft » Tue Jun 30, 2015 10:51 am

Browser wrote:Those occurred on 1/24/2014, 2/2/2014, and 4/10/2014, which illustrates the fact that bad days tend to cluster.

What? No, those dates do NOT illustrate any tendency to cluster. There may be other dates that illustrate that, but not those dates.
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Browser
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Re: U.S. stocks in freefall

Postby Browser » Tue Jun 30, 2015 10:54 am

I downloaded the return data for SPY, the S&P 500 ETF. Perhaps there is a slight discrepancy between the index and SPY which would account for the disagreement since we're very close to -2% on the two days in question. Used both the price and total return data from Yahoo and they agree.
We don't know where we are, or where we're going -- but we're making good time.


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