Reply to Here comes the “dip”

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are down 2%.

The GFC saw drops of 7%. Wake me up when we drop 5%[/quote]

20-30% really - this is just noise right now[/quote]

We can’t even drop 30% in a day right?

U.S. market-wide circuit breakers can trigger at different levels, specifically at declines of 7% (Level 1), 13% (Level 2), and 20% (Level 3) in the S&P 500 Index:
Trading Halt Durations:

Level 1 and Level 2: If triggered before 3:25 p.m. ET, trading is halted for 15 minutes. If triggered at or after this time, trading will continue without a halt.
Level 3: This level halts trading for the remainder of the trading day, regardless of the time it is triggered.[/quote]

Of course, but yes this did happen frequently during COVID & 2008. If people are panicking after just a couple down days, they are in the wrong asset classes.[/quote]

No they did not. Circuit breakers tripped once in 1997 from AFC. And then 4 times in March 2020. And none were 20% ever. [/quote]

I never said 20% in one day, but we had far greater than 20-30% draw downs. Not sure why you are focused on one day. It's not like 1 or 2 -2% days signify anything other than noise. [/quote]

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