{"id":3210,"date":"2020-03-14T04:04:57","date_gmt":"2020-03-14T04:04:57","guid":{"rendered":"https:\/\/www.maxlee.info\/blog\/?p=3210"},"modified":"2020-05-26T04:10:30","modified_gmt":"2020-05-26T04:10:30","slug":"this-plunge-looks-a-lot-like-the-ones-that-rocked-stocks-in-1929-1987-and-2008-if-it-keeps-tracking-look-out","status":"publish","type":"post","link":"https:\/\/www.maxlee.info\/blog\/news\/this-plunge-looks-a-lot-like-the-ones-that-rocked-stocks-in-1929-1987-and-2008-if-it-keeps-tracking-look-out\/","title":{"rendered":"This plunge looks a lot like the ones that rocked stocks in 1929, 1987 and 2008 \u2014 if it keeps tracking, look out"},"content":{"rendered":"<p>Beware the chop!<\/p>\n<p><!--more--><\/p>\n<figure id=\"attachment_3212\" aria-describedby=\"caption-attachment-3212\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"\/blog\/wp-content\/uploads\/2020\/05\/MW-IC032_crash_20200311131138_ZH.jpg\" alt=\"Are we in the midst of another market crisis? \" width=\"1200\" height=\"676\" class=\"size-full wp-image-3212\" srcset=\"https:\/\/www.maxlee.info\/blog\/wp-content\/uploads\/2020\/05\/MW-IC032_crash_20200311131138_ZH.jpg 1200w, https:\/\/www.maxlee.info\/blog\/wp-content\/uploads\/2020\/05\/MW-IC032_crash_20200311131138_ZH-800x451.jpg 800w, https:\/\/www.maxlee.info\/blog\/wp-content\/uploads\/2020\/05\/MW-IC032_crash_20200311131138_ZH-768x433.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-3212\" class=\"wp-caption-text\">Are we in the midst of another market crisis?<\/figcaption><\/figure>\n<p>Published: March 14, 2020 at 9:43 a.m. ET, By Shawn Langlois<\/p>\n<p>The takeaway from this Longview Economics visual (our \u201c<a href=\"https:\/\/www.marketwatch.com\/story\/its-still-way-too-soon-to-buy-stocks-warns-deutsche-banks-torsten-slok-2020-03-11?mod=article_inline\">chart of the day<\/a>\u201d) seems to be: Don\u2019t get sucked into the bounces. If history is any indication, a true stock market rout doesn\u2019t happen in a straight line. Choppy trading is part of the process. Big up days tend to follow big down days.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\/blog\/wp-content\/uploads\/2020\/05\/MW-IB971_sellof_20200311034801_NS.jpg\" alt=\"Sell-off map\" width=\"547\" height=\"541\" class=\"aligncenter size-full wp-image-3213\" \/><\/p>\n<p>As you can see, fluctuations like we\u2019ve seen this week \u2014 the Dow Jones Industrial Average DJIA has endured a 2,000-point drop, a 1,000-point rebound and another 1,000-point reversal \u2014 aren\u2019t all that unusual when looking through the lens of prior ugly markets.<\/p>\n<p>\u201cA bottom won\u2019t be reached until investors lose all hope,\u201d the chart read.<\/p>\n<p>Read: <a href=\"https:\/\/www.marketwatch.com\/story\/warren-buffett-on-the-one-two-punch-market-panic-it-took-me-89-years-to-experience-something-like-this-2020-03-11?mod=article_inline\">Warren Buffett says it took him 89 years to experience something like this<\/a><\/p>\n<p>Of course, with investors rattled by coronavirus and chaos in the oil pits, there doesn\u2019t seem to be much hope in the market again on Thursday. Blue chips were down about 2,000 points, while both the Nasdaq Composite COMP and S&amp;P 500 SPX were off about 7% each.<\/p>\n<p>If the trend holds, though, another sizeable rebound could be coming. Just keep in mind that selling the bounce has trumped buying the dip in those previous periods of market upheaval. <\/p>\n<p>Source: <a href=\"https:\/\/www.marketwatch.com\/story\/this-plunge-looks-a-lot-like-the-ones-that-rocked-stocks-in-1929-1987-and-2008-and-if-it-keeps-tracking-look-out-2020-03-11?mod=mw_latestnews\">www.marketwatch.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beware the chop!<\/p>\n","protected":false},"author":1,"featured_media":3212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-3210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts\/3210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/comments?post=3210"}],"version-history":[{"count":0,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts\/3210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/media\/3212"}],"wp:attachment":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/media?parent=3210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/categories?post=3210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/tags?post=3210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}