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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (82210)3/18/2001 10:36:49 PM
From: Just_Observing  Read Replies (1) of 436258
 
The current selloff is much worse than the LTCM crisis by some indicators. Consider just one.

During the depth of the LTCM crisis (Oct. 8, 1998), the NASDAQ composite only needed to rise 24% to rise up to its 200 day moving average. Now, the NASDAQ composite has to rise a whopping 72% to reach its 200 day moving average, which is by far the highest difference in the last 8 years ( I only went 8 years back).

For the entire month of Oct 98, the NASDAQ comp. was only 9% below its 200 day moving average. For the last one month, the index has been a whopping 54% away from its 200 day moving average.

At least as measured from the 200 day moving average, the current selloff is far worse than during the LTCM crisis. Averaged for a month, it is 6 times worse than the LTCM crisis.
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