In One Chart: This plunge looks a lot like the ones that rocked stocks in 1929, 1987 and 2008 — if it keeps tracking, look out
Beware the chop!
The takeaway from this Longview Economics visual (our “chart of the day”) seems to be: Don’t get sucked into the bounces. If history is any indication, a true stock market rout doesn’t happen in a straight line. Choppy trading is part of the process. Big up days tend to follow big down days.
As you can see, fluctuations like we’ve seen this week — the Dow Jones Industrial Average
Of course, with investors rattled by coronavirus and chaos in the oil pits, there doesn’t seem to be much hope in the market Wednesday. At last check, blue chips were down more than 1,200 points and both the Nasdaq Composite
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