Dow closes at -1176. Worst drop in history. All Asian and European indices down.

[anneboleyn]

[MontanaMama]

1. Dotard will find a way

to blame this on PBO or Hillary.

[anneboleyn]

5. The news isnt good for him. Even Fox is talking 1929 and the 87 crash and 2008. Bad news.

[MontanaMama]

12. Are you watching Fox

so that we don't have to, anneboleyn?

[Stallion]

15. Hoover Reagan Bush---and now Trump

[FSogol]

7. If only the Democrats had clapped.

[yellowcanine]

34. Good one.

[Stellar]

25. They'll blame Janet Yellen... Since Trump fired her and put his own guy in.

[bearsfootball516]

2. At first, I read that as 1776, as if the founding fathers were trying to send us a message

[anneboleyn]

8. Haha! Seriously. They dont want a Russian agent as pres either.

[Roland99]

3. Worst day ever for the CBOE VIX, too

Stock-market volatility index jumps 85% in biggest 1-day leap ever
Dow marks worst daily point plunge in history, off nearly 1,200

[uponit7771]

4. CLINTON DID IT !!! /sarcasm

[anneboleyn]

10. Hannity: BUT HER EMAILS! EMAILS! EMAILS!

[bearsfootball516]

6. Trump, later tonight

“I have the best stock market drops in history, nobody has ever had a larger drop!”

[moondust]

9. Beat me to it!

[doc03]

11. Don't over hype this drop, that is a point drop, percentage wise

it is not so much. They have been saying if the market closes on a down tick the European and Asian markets will also
drop tonight. Wall street may react negatively to that and go even lower tomorrow. If the market keeps dropping
Trump owns it.

[ginnyinWI]

14. It's only a 4% drop--if you look at it in percent terms.

In 1987 there was a 22% drop in one day. This was a needed correction.

[anneboleyn]

42. That 22% drop is responsible for the curbs we have now, thank god.

[BigmanPigman]

20. Most people that have a little bit of understanding about the relationship

between the market and economics know that you look at the % and you don't start to worry unless it continues for a little while. I hope his deplorable base freaks out, panics and see the Moron in a less God-like view.

[anneboleyn]

41. I know the percentage/point difference. Its still the worst drop, and this was the headline on every

channel when I posted the message after the market closed. Of course — the 1929 drop doesn’t look like much point-wise of course.

[Yo_Mama_Been_Loggin]

13. Reverse Midas touch

Everything Trump touches turns to shit.

[ffr]

16. This is 100% on conservatives now! He just took credit for the Winning in SoTU address

So glad I'm in money markets.

[uponit7771]

17. Next "floor" is 23,500 sit money in cash if DOW breaks that and sits there for a while...

... nothing wrong in missing the 5% up

[spanone]

18. worse number drop, not worse percentage drop

[texasfiddler]

19. The biggest drop! The likes of which we have never seen!

[Stuart G]

21. NOT WORSE DROP IN TERMS OF PERCENTAGE. (and that is what counts the most)

Today the market dropped 4.60 percent
In 87 the market dropped 22.6 percent
On October 4, 1929. the day that the market "crashed"

..............market dropped 25.0 percent..

[Gothmog]

22. Trump needs to immediately resign

[asiliveandbreathe]

32. Will someone PULEEZ retweet to the twittler.....eom

[LAS14]

37. Wo!!! I do hope this re-tweet goes viral!!!! nt

[Gothmog]

38. This is evidently a fake tweet

[LAS14]

39. How does one find that out? nt

[Gothmog]

40. I saw this on this DU thread

https://www.democraticunderground.com/100210192826

[Yonnie3]

23. Biggest point drop, percentage drop not so much

There was a story Friday https://seekingalpha.com/article/4142967-dows-6th-largest-drop-ever entitled 'Dow's 6th Largest Drop Ever'

If you scroll down there is a chart of single day drops through history. Today's 4.6% doesn't even fall in the top ten.

Comparing point drops is a nonsensical way to evaluate markets.

[asiliveandbreathe]

35. Very important info....great catch Y3 - more context during Nixon years...

https://finance.yahoo.com/news/heres-stock-market-watergate-133736317.html

snip -

From the start of 1973 through Nixon’s resignation in August 1974, the S&P 500 fell about 50%.

I still say this is the rich mans casino.....

[Yonnie3]

36. Nothing like that is going on now!

Oh, wait a minute.

It may be a rich man's casino, but it is significantly better odds than the lottery.

Off to read your link. Thanks

[Matthew28]

24. holy crap

I didn't expect deregulation and tickle down to do this quite so fast but here we're. Republicans truly suck.

[Squinch]

26. Not worst drop by any stretch of anyone's imagination. The percentage is what is important.

[aka-chmeee]

27. Yes, WE know that, but

If the market had risen that much, how would the Orange Menace characterize it?

[Squinch]

30. Love your graphic!

[barbtries]

28. sigh.

i expected trump's presidency to bring the economy down. along with the GOP tax scam. i feel like i'm living future shock right now and the destruction of my country is really accelerating faster than i can reasonably deal with it. all i can seem to do is keep on working and hoping for the best while my hope just fades and fades.

trump called the democrats who didn't give him standing o's at the SOTU treasonous and anti-american? he seems to not even know that we have a first amendment. his cult is getting less rational the closer Mueller gets to him and i fear violence, actual violence, if and when trump is finally routed out.

i'm tired. wish it was all said and done already. i sincerely hope that we can weather the next great depression with minimal destitution.

[asiliveandbreathe]

29. Business insider -- oh gee - 9/29/2008..Bush - Real Estate -banking and lending -

TARP, oh my....Obama Obama Obama..., pathetic rethugs....

http://markets.businessinsider.com/news/stocks/largest-stock-market-drops-in-history-2018-2-1014975465

The current holder of that dubious honor is September 29, 2008, when the Dow dropped 777.68 points after the first version of the TARP bailout program failed in Congress.


You see here - of course - it was President Obamas fault...doh!!


The 2008 financial crisis also featured three of the other five biggest drop.. The third biggest drop came on September 17, 2001, the first day of trading after the 9/11 terror attacks.

[asiliveandbreathe]

31. More context - watch GOLD - this article talks about Markets during Watergate - Nixon resig..

https://www.armstrongeconomics.com/how-did-the-us-markets-respond-during-watergate/


The effect of public confidence upon capital markets is one issue that has gone largely ignored for decades. In our August 8th, 1994 edition of the Princeton World Report, we provided a study of gold dating back to 1721. Every major rally in gold was linked to a crisis in confidence centered around government. Such was the case during the Panics of 1864, 1869, 1893, 1907, 1929, 1974, 1980 and 1987.

In each and every case, gold rallied when the full faith in government came into question. The extent of each rally was governed by the extent of concern in each situation.

The Watergate scandal of the early ’70s was no exception. That scandal set off two trends as the story began to build in momentum. The bonds and stocks declined as gold rallied. - (Bold is my emphasis)

WATCH GOLD...

[brooklynite]

33. My biweekly investments will continue; each investment will result in more shares at the lower price