WOW...talk about a crazy day in the stock market. Today will go down as one of the most volatile in history. The DOW plunged 998 points below a level of 10,000 before it recovered in late trading to close down around 350 points. Here's a timeline of how it unfolded over my late lunch today and also a video I found that walks through what happened:
My lunch...
- 1:30PM CST ~ Leave the office for a late lunch - DOW was down around 250 last time I'd checked, pretty bad day, but nothing compared to what would happen...
- 1:42PM CST ~ Order a sandwich and a salad at Jason's Deli, grab a table, and look up at the ticker on a TV in the corner - DOW is down 500!, mentioned to my buddy that was crazy...
- 1:44PM CST ~ I get back from the salad bar and look up - DOW has dropped 200 points since my trip to fill my plate, it's now down 700 points, I can't believe what's happening...
- 1:45PM CST ~ I'm now sitting at the table glued to the television - DOW is dropping in 25-50 point chunks with every update now, dropping 800, 900, almost 1000 points, I can't believe what I'm seeing...
- Rest of my lunch ~ As quickly as the market dropped, it recovered, climbing back up and ending the day down around 350 points, still a drop of 3.2%...
Chart of the DOW from today...
The VIX that tracks market volatility, ended up 32% for the day, one of its largest swings in history. What a crazy day in the market, aren't we glad we're selling GUARANTEED products!
Chart of the VIX from today...
Posts
0 comments:
Post a Comment