Part of the reason many believe social media will never die, is because of days like today. Stocks experienced their single worst day of the year. The Dow plunged 300 points (-1.97%), The S&P had it’s best day of the year yesterday, followed by it’s worst day in six months (down -1.98%), and social media exploded with posts, comments, and charts trying to explain just what was happening – as if we had just lived in a dream land where stocks only went up the past five years. Is volatility in stocks here to stay? Why did stocks gain 2% yesterday, and lose all of it the very next day? Is this another 2008? Are we all F*(^% crazy as Reformed Broker says.
First, some funny ones…
I’m confused… Is the lighting crushing something? Is the Lightning stocks? Or is it the Tornado? Is the Tornado volatility?
Knew we had seen this market action somewhere before… http://t.co/38vLSH3r8f
— Attain Capital (@AttainCapital) October 9, 2014
And some serious ones…
Picture Courtesy: CNBC
The obligatory serious looking trader guys… (is that guy on the right wearing a Flyers shirt… what trading floor is that?)
Chart Courtesy: Reformed Broker
Chart Courtesy: CNBC
Chart Courtesy: Ryan Detrick