Hacker News

points by Tadpole9181 3 days ago | 0 comments

> Plummets

Still +4% YoY.

24/7 sensationalist news is just exhausting.

[–] dcrazy 3 days ago

+4% YoY and -4% in a day are vastly different in timescale.

[–] nothercastle 3 days ago

And at 4% suddenly not keeping up with inflation or treasuries

[–] Tadpole9181 3 days ago

Intel lost 50% of its value in a week. But it's up 50% from last year.

Anyone paying attention knows the market is in a weird place, and large swings today are the small swings of the past. It's hardly a "plummet" when the amortized line for the past month, including today, is mostly a linear decline.

We've had a couple of single-day 4% drops over the past few months too. Oh no, the market is the lowest it's been in... 3 months!? This is the largest decline we've seen in... 4 months!?

Could it be a market correction? Could it be a full-on collapse? Sure.

But is a single 4% drop worth a headline "plummeting into correction territory"? Not really.

[–] kgwgk 3 days ago

> Could it be a market correction?

That term has a very specific meaning in that context.

https://en.wikipedia.org/wiki/Market_correction

[ For the record, the link I originally included: https://www.wsj.com/livecoverage/stock-market-today-dow-sp-5... ]

[–] Tadpole9181 3 days ago

JSYK, that's a paywalled link.

[–] overfeed 2 days ago

Ironic, how some people act like they don't understand gradients when it comes to AI-related share prices.

[–] thomassmith65 3 days ago

Reporting on the stock market generally is overwrought (stocks always "soar!", "plummet!", "rocket!") because the kind of typical events are inherently repetitive. Sports reporting is the same.

That said, the Nasdaq hasn't seen a lot of -4.8% days recently. This particular article isn't egregious.

[–] paulpauper 3 days ago

Agree. it's not that big of a deal. i will be buying dip

[–] bagacrap 2 days ago

Why were you in cash to begin with?

[–] zamadatix 3 days ago

Seriously, according to the headlines I've seen shared here since June you'd think the market got wiped out 5 or 6 times.

This is a bigger jump, but it's also immediately after elections and other activity so I'd expect higher volatility than normal.

[–] bagacrap 2 days ago

> Still +4% YoY.

Do you think people who buy QQQ are impressed with this?

VTV is up 21% yoy btw.