Saturday, October 24, 2020

Tag: Dow Drops 473 Points

While I Was Away from My Desk, Dow Drops 473 Points

by Wolf Richter, Wolf Street:

Oh lordy, in a market where nothing can go wrong, Dow falls below January 2018 level.

It was a beautiful historic rally: The S&P 500 soared 25% from the low of December 24 through May 3, topping out at 2,945. The setup had been perfect, as I mentioned on December 22, Nothing Goes to Hell in a Straight Line, Not Even Stocks.