You gotta be thinking that all we do here is blog. Actually, you'd be surprised how quickly we can churn these things out. I guess I've been writing on markets for so long that it just flows easily.
The reason you get so much, particularly during times like these, is because unequivocally times like these bring out the worst in individual investors. Times likes these are when their emotions can get in the way of prudent long-term investment management. I.e., times like these are when investors make the biggest mistakes!
With that in mind, here is a condensed version of our first video of the week. It looks a bit lighter on hits (the number of clients who've accessed it) than we believe circumstances dictate. So, to make it more palatable, we chopped off roughly eight minutes, leaving enough to make the main points while hopefully not taking too much time out of your day:
Thanks for calming my nerves. I do have a question, they say the sell off was the largest single day point drop in history. What I would like to know is how does the point drop look when considered has a percentage of the market high rather than has a point drop against the market?ReplyDelete
Don't know where exactly Monday ranks in history, but it didn't crack the top 20 in terms of % declines. The 20th largest occurred on 9/29/08 at 6.98%. Monday's was -4.6%.