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Strategies & Market Trends : Waiting for the big Kahuna
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To: wanmore who wrote (44144)10/21/1999 9:29:00 AM
From: wanmore  Read Replies (2) of 94695
 
One more tid bit. In 87 we had a 500 point drop in the DOW. That was about 22%. In 98 we had a 500 point drop in the DOW. That was about 6%. If we have a 500 point drop from here it would be under 5%. To have a 87 style crash we would need a 2288 point drop on the DOW. Let's get real. This would never be allowed to happen. IMO the BK (as far as a one day event) is history , never to be repeated.
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