4.3 • 1.2K Ratings
🗓️ 5 February 2018
⏱️ 45 minutes
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0:00.0 | Today was one of the most incredible days in stock market history and a very bad day for most |
0:08.8 | investors. |
0:09.8 | We lost a lot of value. |
0:11.4 | The Dow posting its biggest point drop in history. At one point, the Dow |
0:15.4 | was down nearly 1,600 points and entering a correction. It did come back a bit, but it's still |
0:22.0 | end of the day down 1175 points. |
0:25.5 | The downtown negative for the year and combined with Friday, |
0:28.8 | investors have seen $1.5 trillion in market value wiped out. |
0:34.5 | Wall Street's so-called Fear Gage, the Vicks, |
0:37.0 | hitting its highest level in nearly two and a half years. |
0:39.7 | So welcome. |
0:40.4 | And tonight, the question is quite simple. |
0:43.0 | Has something changed about this record bull run? |
0:45.7 | Or is this a buy and dip market? |
0:47.2 | Or Gaidami is something more severe and maybe more dangerous at work here. |
0:52.5 | Yeah, for me to say nothing's changed would be disingenuous |
0:55.0 | because we quite frankly, you don't see |
0:57.0 | 1600 point moves in the Dow Jones industrial average every day. |
1:01.0 | So clearly something's changed. |
1:02.0 | This is what I think changed. |
1:04.0 | Historically, and when I say historically, the last seven or eight years, market opened |
1:08.1 | down about 250 points today, rallied all the way back to unchanged. Last six months that rally would have |
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