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
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.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
nah, also I recall from
This crash seems worse and faster than the 1929 crash. ...
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.