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To: Ibexx who wrote (44678)12/16/2000 5:10:34 PM
From: John Koligman  Read Replies (2) | Respond to of 77399
 
Better get a new broker Ibexx <ggg>. Here are the stats I posted on the Daytrading Fundamentals thread a short time ago...

John


To: Wayne Van Scoyoc who wrote (10711)
From: John Koligman Saturday, December 2, 2000 12:57 PM ET
Reply # of 10977

Wayne, here is the data on the nastiest market breaks... Looks like this is the second largest percentage drop in the NAS, the first was to a level of 54!!! Pretty sobering when one looks at how far the index has risen.

Regards,
John

Index Date Index Index value Decline Time from
reached low at low from high peak to
low in
days
DOW IND 7/8/32 41.22 -89.2% 1,039

S&P 500 6/1/32 4.41 -86.2% 998

NASDAQ
Composite 10/3/74 54.87 -59.9% 630

NASDAQ
Composite 11/30/00 2597.93 -48.5% 265

S&P 500 10/3/74 62.28 -48.2% 630

Dow Ind 8/24/21 63.90 -46.6% 660

Dow Ind 12/6/74 577.60 -45.1% 694

Dow Ind 5/26/70 631.16 -36.6% 1567

Dow Ind 10/19/87 1738.70 -36.1% 55

S&P 500 5/26/70 62.29 -36.1% 543

NASDAQ
Composite 12/4/87 292.92 -35.7% 100

S&P 500 12/4/87 223.92 -33.5% 101



To: Ibexx who wrote (44678)12/17/2000 6:46:43 AM
From: Monty Lenard  Respond to of 77399
 
"Statistics would suggest that an extreme to the left is frequently followed by another one to the right."

Wait a minute! We had the one to the right first. Now we are getting one to the left. The extreme to the right is why we are getting the extreme to the left not the other way around. :-)

Monty



To: Ibexx who wrote (44678)12/17/2000 11:52:32 AM
From: Eric  Respond to of 77399
 
Ibexx

Yes I was also thinking of 1974. Did some research and it indeed is the biggest Nasdaq drop. I remember it well as I had been investing for about 9 years by then. This one is getting very close.

It looks like Greenspan will decide if it is to be the biggest. I agree that we will have a good move to the other direction and am looking for a 50% recovery to the last high in the next year if the Fed responds correctly.

Eric


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