This crash seems worse and

    Posted by victorh on 12th of Mar 2020 at 03:53 pm

    This crash seems worse and faster than the 1929 crash. Looking at GDXJ which continues to decline closing down 26% at 24.67.  On 8/13/2018 gold made a low of 1167. On the same date GDXJ closed at 27.49 much higher than it is now. Unreal and its not the only stock behaving like that. The only other time stocks declined so much and quickly was in 1929. Hopefully we get a relief rally soon maybe tonight.   

    nah, also I recall from

    Posted by matt on 12th of Mar 2020 at 04:14 pm

    nah, also I recall from things I read, gold or gold stocks sold off during that time as well. Again gold is not a safe haven in times like this

    the initial 1929 crash was 48%. Then price retraced 50% of that

    remember in times like this all assets get sold to raise cash. Analogy would be someone who gets cancer, they have a classic car in the garage worth $150,000, they love their car but they sell it to raise cash to pay the medical bills. Same with gold and other things

    From a points standpoint (obviously

    Posted by pmahoney on 12th of Mar 2020 at 04:29 pm

    From a points standpoint (obviously not percentage), the SPX is down 913 points from top; slightly more than the 910 points from 2007 top  - 2009 bottom. 

    What is scary is that

    Posted by Orangeman on 12th of Mar 2020 at 04:04 pm

    What is scary is that it has happend so quickly that, outside of the markets, this whole crisis still seems fairly abstract to many folks.  When the impact starts to manifest in paychecks, school closures, bankrupt businesses on main street, etc.. it could really be ugly.  My friend called is "zombie killing time" - not sure what that means, but sounds like no fun at all.

    JNUG 105 to 12 in

    Posted by steve on 12th of Mar 2020 at 03:54 pm

    JNUG 105 to 12 in a couple weeks

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