Topic: $70 gain in 1 day... is this the biggest 1-day gain in $ terms ever? (Read 681 times)
November 13, 2013, 07:05:00 PM
November 13, 2013, 07:04:15 PM
Rate implies percentage. Largest nominal gain does not mean largest percent increase.
Correct. If something is worth 10k per unit and rises 90 its minor (.9%). If something is worth 10 and rises 90 its huge (900%).Absolute change is fairly irrelevant.
November 13, 2013, 06:59:14 PM
True/false?
If so, seems like a fun thing to tell the press about. Not only are we reaching new all time highs, but we're doing it at the fastest rate ever!
If so, seems like a fun thing to tell the press about. Not only are we reaching new all time highs, but we're doing it at the fastest rate ever!
Rate implies percentage. Largest nominal gain does not mean largest percent increase.
November 13, 2013, 06:53:02 PM
True/false?
If so, seems like a fun thing to tell the press about. Not only are we reaching new all time highs, but we're doing it at the fastest rate ever!
If so, seems like a fun thing to tell the press about. Not only are we reaching new all time highs, but we're doing it at the fastest rate ever!
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