Record-setting Stock Market

Miscellaneous and Personal Stuff I Must Share
1

I just noticed that the DJIA movement on the recent Monday nosed out that of the famous Monday in 1929 and is now in the #2 slot on the all-time list. Let’s give credit where credit is due!

The biggest one-day drops of DJIA in history:
-22.6% October 19, 1987 “Black Monday”
-12.9% March 16, 2020 Monday
-12.8% October 28, 1929 “Black Monday”
-11.7% October 29, 1929 “Black Tuesday”
-10.0% March 12, 2020 Thursday
The present crash has a day in the #5 slot as well. Reagan – he couldn’t do that; he got #1 on Black Monday but the following Monday only ranks as #11. (The Top Twelve are rounded out with entries from 1929, 1899, 1895, 1932, 1907, 1987, 2008.)

The present crash hasn’t even run for 30 days yet, but has already made its way onto that all-time list as well! 32.3%. Reagan - he couldn’t do that. The Clinton-Bush or Blush-Obama crashes - they couldn’t do that! This is the greatest in almost a century! Bravo!!

The biggest one-month drops of DJIA in history:
-43.4% Autumn, 1929
-32.7% Autumn, 1931
-32.3% Feb.-March, 2020
-32.2% Sept.-Oct., 1987
-27.3% Winter, 1931
-25.8% Autumn, 2008
-25.6% March-April, 1932
-23.6% Spring, 1940
-23.0% Winter, 1899
-22.5% March, 1938
-22.2% June, 1930
-20.7% July, 1893
Drops over a 30-day period of at least 19% also occurred in 2001, 1937, 1939, 2009, and November 1929.

Notes:
(1) One-month drop compares (adjusted) closing prices over 22 trading days. Several 22-day declines may occur over a somewhat-longer period, but only the largest such drop is listed above.
(2) Some years have 2 crashes shown. This is because of non-overlapping crashes. For example, in 1929 there were non-overlapping big drops in both October and November.
(3) While Yahoo gives DJIA daily info from 1985, and some other site has data back to 1970; as is often the case https://www.measuringworth.com is an excellent source for old financial data: its daily DJIA data goes back to 1885.

2

Can I pick a good time to retire or what?

3

Will Trump claim the credit?! :smack:

4

I am sure he will graciously cede credit to Obama and the Demos.

5

(Apologies to the Doper named Dead Cat.)

I’m having fun looking at these numbers; I just noticed that last Friday the Dow-Jones Industrial Average had its tenth-highest percentage rise ever! (By the way, I’m only looking at closing prices for these lists — Things would get even more exciting if I used intraday Lows and Highs!)
+15.3% March 15, 1933 (Wed.) [-- never --]
+14.9% October 6, 1931 (Tue.) [lost nine weeks later]
+12.3% October 30, 1929 (Wed.) [lost two weeks later]
+11.4% September 21, 1932 (Wed.) [lost two weeks later]
+11.1% October 13, 2008 (Mon.) [lost two weeks later]
+10.9% October 28, 2008 (Tue.) [lost four weeks later]
+10.1% October 21, 1987 (Wed.) [lost the next Monday]
+9.5% August 3, 1932 (Wed.) [lost 29 weeks later]
+9.5% February 11, 1932 (Thur.) [lost seven weeks later]
+9.4% March 13, 2020 (Fri.) [lost the very next trading day]
While the three biggest declines all occurred on a Monday, five out of the 8 largest rises all occurred on a Wednesday.

Some of these rises were what are called “Dead cat bounces” — an Up day in the midst of a falling market. For example the 12.3% rise on October 30, 1929 represents an improvement to 258½ from 207 on October 29. But this was just the “dead cat” bouncing: the Dow closed below 199 on November 13. As you can see, in every case but one the market eventually again fell to below the low closing price it had before the up-day. The exception is the +15.3% rise from 53.84 to 62.04 on March 15, 1933. The market kept testing itself after this rise, and was only 55.40 at the end of March. But over the following 87 years it never got as low as 55.40 again.

As you can see, the Trump market set a record on this list as well. The tenth-largest rise ever on March 13 was immediately followed by the 12.9% decline — 2nd-largest decline ever — when the market next opened on Monday!