On: No End in Sight for Crypto Sell-Off as Bitcoin Bre...

[ceejayoz]

> VOO has dropped 1.5% today, which is pretty bad for an index stock.

Uh, what? An index stock mirrors, as closely as possible, the market it's indexing. If the market goes down 1.5% - which is extremely common - so will VOO.

[sneak → ceejayoz]

I think GP meant it is pretty bad in the market if the composite index average (and thus index ETF) is down 1.5% in a single day.

[ceejayoz → sneak]

Which is a silly claim. The markets being down (or up) 1.5% is an unremarkable trading day.

https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs...

Per this chart, almost 20% of Dow trading days fall in the 1-2% change range.