The Dow Makes an Orderly Retreat



Headlines screams we’ve just suffered the worst lost in the Dow EVER. True, only if your measurement is points, which misses the . . .er . . . point.
To compare relative losses what counts is the percentage drop not the number of points. Losing 100 points if the Dow started at 1,000 hurts exactly the same as losing 1,000 points if the Dow is at 10,000.
Given that, how did February 27, 2020 stack up? Not even in the top twenty percentage points lostI remember very well the worst day for the...
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Published on February 27, 2020 16:05
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