I'm not disputing it's bad, but the article is a bit sensationalist. The higher the market goes, it's ALWAYS going to recede by more "points". It would be far more interesting if they talked in terms of percentages instead. Then we'd actually have relevant historical context.
You need to study the stock market. Today the dow dropped below 30000.houses have stopped selling, gasoline is climbing. BTW the stock market and nasdaq use % .
Don't forget to dig down into specific company fundamentals. electronics purveyors cut production two months ago because of inventory not moving out of warehouses because retailers were not selling. This is just one example but the supply chain goes all the way back to basic materials such as silicon (sand)...
I'm not disputing it's bad, but the article is a bit sensationalist. The higher the market goes, it's ALWAYS going to recede by more "points". It would be far more interesting if they talked in terms of percentages instead. Then we'd actually have relevant historical context.
You need to study the stock market. Today the dow dropped below 30000.houses have stopped selling, gasoline is climbing. BTW the stock market and nasdaq use % .
Don't forget to dig down into specific company fundamentals. electronics purveyors cut production two months ago because of inventory not moving out of warehouses because retailers were not selling. This is just one example but the supply chain goes all the way back to basic materials such as silicon (sand)...