The Dow may drop another 2,000 points

[left-of-center2012]

The Dow plunge isn't anywhere near done. At least, not according to chief financial officers at major corporations.

More than half of the members of the CNBC Global CFO Council think the Dow Jones Industrial Average will fall below 23,000 — roughly 2,000 points from its current level.

The 23,000 level would equate to another 8 percent in decline among the Dow group of stocks before the selling stops. The Dow dropped by more than 400 points on Monday.

The CNBC Global CFO Council represents some of the largest public and private companies in the world, collectively managing nearly $5 trillion in market value across a wide variety of sectors. The survey was conducted from Nov. 13–19, 2018.

https://www.cnbc.com/2018/11/20/dow-may-drop-2000-points-more-before-market-selling-done-cnbc-survey.html

[empedocles]

1. 50% drop is thought to be a critical level that needs to hold to avoid . . .

[flibbitygiblets]

2. Don't leave us hanging... to avoid what??

[empedocles]

3. Sorry, can't say 'to avoid what' yet

Need a 25% drop to begin to think about mentioning 'to avoid what . . . '

[MarvinGardens]

4. S&P 500 lost 50% in 2007-09 bear.

And 49% was lost in the early 2000s bear.