Stock market ups and downs

- [Narrator] "Today, a record high gain on Wall Street." … "The biggest one day drop in history." … We seem to hear this a lot. … In 2018 alone, we saw at least seven … of the top single-day point gains in history … and in that same year, 2018, … we saw at least nine of the top 20 … single-day point losses in history. … And while it makes for dramatic headlines … and creates elation or fear among some investors, … the single-day gains and losses … are rarely as history-worthy … as the media would lead you to believe, … and if you understand basic statistics … these dramatic announcements probably also drive you crazy. … Points gains are not nearly as meaningful … as percentage gains. … In fact, not one of those 2018 point gains or losses … are among the top percentage gains and losses in history. … As an example, consider a 500 point gain … for a stock index that opened the day at 20,000. … This is only a 2.5% gain for that market. … A nice gain, but not necessarily historic. … On the other hand, a 100 point loss …