The Black Monday decline was—and currently remains—the largest one-day percentage decline in the DJIA. (Saturday, December 12, 1914, is sometimes erroneously cited as the largest one-day percentage decline of the DJIA. In reality, the ostensible decline of 24.39% was created retroactively by a redefinition of the DJIA in 1916.

Man, crazy shit went down economically in 1987. I had a tiny savings and investment account that was piped out and fully recovered in time for the dot-bomb a decade later.

kleinbl00:

One of my friends' dads was as close as you could get to being a daytrader back then. We saw the news and figured he was wiped out. Turns out he borrowed heavily on margin, bought a bunch of shit and then sold it a day later. Dude cleared six figures.

Buy tha muthafukin dip. Unless it isn't a dip. Except it's always a dip. But do you have the stamina to wait it out.

I hate equities.


posted 2744 days ago