RVR February, page-12

For those who might get a bit spooked by headlines claiming the biggest loss in history ( and in points it was) need to read below , yesterday was only the 25 th biggest one day % loss since 1960 and I've lived through every one of them...1987 was not fun...

Percentage loss is the only valid marker, not points loss...where it goes from here who knows but this is not an uncommon event, although the last 11 years have been unusually stress free...its nice to be in a Company with no debt , making money and about to increase production and LOM. It has limited downside in this environment but will never escape some collateral damage...

Personally it's nice to see some steam finally let out of the boiler...

"Because the Dow, S&P 500 index and Nasdaq composite have run up so much in the long bull market, comparing today's point losses to earlier eras isn't relevant. Percentage changes offer a better comparison.

The Dow's 4.6% loss on Monday was the worst since August 2011. But it didn't even crack the top-20 of all-time losses. It was just the 25th worst loss since 1960.
The Dow's biggest one-day percentage loss was the 22.6% Black Monday crash on Oct. 19, 1987. In point terms, that was "only" 508 points. In second place, the Dow crashed 12.8% on Oct. 28, 1929. The blue-chip index retreated just 38 points that day."

Cheers Whisky