Biggest single day drop was in 87, known as black Monday, 22.61%. COVID had 3 days that were cumulatively ~21%, the 2008 crash had 3 separate days that were around 21%, and the crash of 1929 also had 3 record days that totaled about 35%.
Black Monday lead to some trading pause mechanisms if there’s too big of a drop, and the market will close if it continues. So suffice it to say this isn’t in the toping the least, but it could be the start of a depression. It’ll probably be a few days before the first big effects are directly hitting major industries imo. But I’m not a stocks sicko.
Biggest single day drop was in 87, known as black Monday, 22.61%. COVID had 3 days that were cumulatively ~21%, the 2008 crash had 3 separate days that were around 21%, and the crash of 1929 also had 3 record days that totaled about 35%. Black Monday lead to some trading pause mechanisms if there’s too big of a drop, and the market will close if it continues. So suffice it to say this isn’t in the toping the least, but it could be the start of a depression. It’ll probably be a few days before the first big effects are directly hitting major industries imo. But I’m not a stocks sicko.
Here’s an interesting bit on Wikipedia:
https://en.m.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average