Wall Street Lays an Even Bigger Egg

Today was an extraordinarily difficult day for Wall Street. This was one of the worst days in market history.

Let’s review some of the damage.

The S&P 500 fell by 11.98%. The Dow was off 12.93%. Today was the Dow’s second-biggest loss in its history. It edged our Black Tuesday, the legendary crash on October 28, 1929.

The headline of Variety proclaims “Wall St. Lays An Egg” after the October 29, 1929 crash of the Stock Market. (Photo by Library of Congress/Corbis/VCG via Getty Images)

The Nasdaq fell 12.32% for its biggest one-day loss in history.

In the S&P 500, 339 stocks made new lows today. Not one made a new high.

Just 10 stocks in the S&P 500 closed higher today. One was Hormel.

It may seem like an odd consolation, but our Buy List beat the markets by nearly 2% today. We were down “only” 10%.

Posted by on March 16th, 2020 at 8:10 pm


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