The SP500 went up from 142 to 214 in 1987 a rise of 50%
After 7 days the market had fallen from 214 to 197, a drop of 8%
After 8 days it fell to 192, a drop of 10%
On the 9th day, the price was 182, a drop of 15%
On the 10th day the market crashed 27 points from 182 to 155, a drop of 28%
Over the next 7 days the market final found a bottom at 126, a drop of 41%
The market bounced 20% to 152 then retested the bottom 26 days later at 130
Current market has fallen from 3393 to 2978 in 6 days, a fall of 12%
The market has risen 1046 points from 2347 to 3393 in 14 months. Up 44%
A similar fall to 1987 of 41% would see the market drop to 2002 by Friday 13th March !!!
Food for thought.
P.S. the market got back to the 214 high 20 months later.
After 7 days the market had fallen from 214 to 197, a drop of 8%
After 8 days it fell to 192, a drop of 10%
On the 9th day, the price was 182, a drop of 15%
On the 10th day the market crashed 27 points from 182 to 155, a drop of 28%
Over the next 7 days the market final found a bottom at 126, a drop of 41%
The market bounced 20% to 152 then retested the bottom 26 days later at 130
Current market has fallen from 3393 to 2978 in 6 days, a fall of 12%
The market has risen 1046 points from 2347 to 3393 in 14 months. Up 44%
A similar fall to 1987 of 41% would see the market drop to 2002 by Friday 13th March !!!
Food for thought.
P.S. the market got back to the 214 high 20 months later.
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