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When's the Next 300-Point one-day Drop or Rise on the Dow?

Background: Such wide swings were common in 2008, but have been rare in the past three months, as volatility has declined.

We're looking at a one-day change from the previous close to that day's close of 300.00 points or more, up or down.

This question may temporarly suspend one hour before closing if it appears to be occuring, so as not to allow players to jump on a 'sure thing" or make plays after the close of the market on such a day.

Settlement details:As reported by a major mainstream news source.

 
Forecast history %
3Q 2009
0%
4Q 2009
15%
Not by 1/1/2010
85%
Question suspends in 4 weeks

Suspend date: Thu 24th Dec 12:59pm PST (4 weeks to go)

Initial likelihoods: 3Q 2009: 30%, 4Q 2009: 30%, Not by 1/1/2010: 40%

Action history:

Suspend date: Thu 24th Dec 12:59pm PST (4 weeks to go) details

 

Predictions (1206)

13 hours ago
rogerkni predicted 4Q 2009 (H$500 at 19%)
2 days ago
rogerkni predicted 4Q 2009 (H$200 at 17%)
4 days ago
badgersfan predicted 4Q 2009 (H$100 at 22%)
4 days ago
frogchop predicted 4Q 2009 (H$250 at 19%)
5 days ago
cjcs03 predicted Not by 1/1/2010 (H$100 at 83%)

Comments (12)

  1 rogerkni
PS: I mean the DAILY drop or rise, similar to what the 500-point question on the Dow asks, here:
http://www.hubdub.com/m48439/Whens_the_next_500_point_drop_on_the_DOW
posted 14 weeks ago
@roger: So what do you think will trigger a 300-point DAILY rally either this quarter or next?
posted 14 weeks ago
  3 frogchop
Anyone who doesn't think a 300 point day is coming forgot about October 2008 already. To borrow a line from the Fifth Element, "big, badda-boom".
posted 11 weeks ago
@frogchop: So do you think it happens again this October, or could it be September or November, etc?
posted 10 weeks ago
  5 frogchop
Last year it came early, but historically, for whatever reason, October seems to be the month of doom. That's not saying it couldn't be November, but I'm just a sucker for tradition. ;-)
posted 9 weeks ago
www.reuters.com/article/wtUSInvestingNews/idUSTRE5910F120091002

LONDON (Reuters) - Equity markets across the globe tumbled as doubts grew about the pace of economic recovery and the week's major data on U.S. jobs loomed large.
European shares hit a four-week low, following steep losses in Asia and on Wall Street overnight.
posted 7 weeks ago
so far, so good.....
posted 3 weeks ago
  8 frogchop
Still feel that way, Tuff?
posted 3 weeks ago
  9 bgrigore
@zvassil 3rd quarter was over at September 30th so that option is an impossibility.
posted 3 weeks ago
  10 zvassil
@bgrigore: yes, corrected
posted 3 weeks ago
www.marketwatch.com/story/dow-industrials-drop-24985-points-to-971273-2009-10-30
Oct. 30, 2009, 4:08 p.m. EDT ·
Dow industrials drop 249.85 points to 9,712.73
posted 3 weeks ago
www.marketwatch.com/story/vix-surges-as-fright-returns-to-stocks-2009-10-30?siteid=

SAN FRANCISCO (MarketWatch) -- An options index known as Wall Street's fear gauge surged Friday to a nearly four-month high, as a fresh round of worries about the sustainability of recent months' rally surfaced.
The CBOE's Volatility Index gained 24% to 30.69 by the exchange's close, its highest closing level since July 8.

For the index, it was the biggest percentage gain since late 2008, near the peak of the financial crisis.
posted 2 weeks ago

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