A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

Recent entries:
“I read old books because I would rather learn from those who built civilization than those who tore it down” (4/18)
“I study old buildings because I would rather learn from those who built civilization than those who tore it down” (4/18)
“Due to personal reasons, I’m still going to be fluffy this summer” (4/18)
“Do not honk at me. My life is worthless. I will kill us both” (bumper sticker) (4/18)
Entry in progress—BP16 (4/18)
More new entries...

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Entry from June 24, 2014
“Markets don’t crash from all-time highs”

The U.S. stock market experienced many all-time highs in 2014. “QOTD: ‘Markets do not crash from all-time highs’” was posted on Twitter on May 12, 2014. “Markets don’t crash from all-time highs. There’s a distinct period of distribution before any correction” was posted on Twitter.
 
A market, of course, can crash at any time. The theory behind this saying is that the market usually drops a bit after an all-time high—called a “correction”—before a crash occurs. “Markets don’t crash from their highs, but they can drop a bit” was cited in print in 2000. “Markets do not crash from new highs. There’s always a topping period and tailing off (or at least a rally after the first break if there is a sharp break) before the nasty part of the down-trend kicks in” was cited in 2007. “Markets do not crash from the top. They take a beating first, then they crash” was cited in 2008.
 
       
Silicon Investor
To: J.T. who wrote (2334)
1/14/2000 3:25:00 PM
(...)
Markets don’t crash from their highs, but they can drop a bit.
 
Stock Adventures
APRIL 24, 2007 · 8:31 PM
Arguing the case for battening down
(...)
COMMENTS
allocator
April 26, 2007 at 10:07 pm
(...)
The mistake I made after Feb 27 is that markets do not crash from new highs. There’s always a topping period and tailing off (or at least a rally after the first break if there is a sharp break) before the nasty part of the down-trend kicks in.
   
Interactive Investor
Author Stu-Boy
Date posted 2008-01-21 22:14
Subject To The Newbies (and oldies)
(...)
I also said a couple of days ago that ‘Markets do not crash from the peak’. I am afraid we still have a big one to go, and it could be tomorrow when the US opens with a 500+ point gap down. That’s worse than the open on 17th September 2001.
 
The American Jubilee Bill
THURSDAY, OCTOBER 9, 2008
Call me a Pollyanna
I really don’t want to write a downer of a blog today. I’ll just repeat something I think most of my readers know. Markets do not crash from the top. They take a beating first, then they crash.
         
InvestorVillage
Posted 11/24/2009 2:06:37 PM by phil_hubb
Markets don’t crash from positions of strength.
But they do crash from positions like these.
jmo
 
Twitter
Maxim Alexander Kind
‏@maximkind
#Markets don’t #crash from a #high, they #crash from lower #high
11:53 AM - 1 Mar 2011
   
Minyanville
Random Thoughts: Scatter Plotting the Dog Days of August
By Todd Harrison Aug 13, 2012 2:05 pm
(...)
A wise man reminded me that markets don’t crash from the highs, they crash from the lows—and he’s right.
 
Bull & Bear Talk Forums
romeobravo
04-04-2014, 03:01 PM #216
Markets don’t “crash” from all time highs, do they? I think this certainly will be a nice correction, and maybe play out over several days/weeks. But there should be more back and forth to form a long term market top over several months.
 
iBankCoin
The Dow Jones Industrial Average is At All-Time Highs
Mon May 12, 2014 9:03am
(...)
But I must remember: markets do not crash from all-time highs.  Markets are not supposed to be feared at all-time highs. There is a great divergence taking place between profitable vs unprofitable companies. However, other than that, the Dow Jones Industrial Average is at new all-time highs and there is nothing bearish about that.
 
Twitter
Sean McLaughlin
‏@chicagosean
QOTD: “Markets do not crash from all-time highs.” ~ @The_Real_Fly http://stks.co/c0Xls  $DIA
10:14 AM - 12 May 2014
 
Twitter
ivanhoff
‏@ivanhoff
Markets don’t crash from all-time highs. There’s a distinct period of distribution before any correction.
7:58 AM - 10 Jun 2014
 
Pension Partners
THE DAY VOLATILITY DIED
June 19, 2014 Charlie Bilello
(...)
Well, there’s an old saying that “markets don’t crash from all-time highs.” There’s some truth to this notion as tops often take time to build (they are a “process”) and you generally see a period of higher volatility before a sharp decline ensues.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Tuesday, June 24, 2014 • Permalink


Commenting is not available in this channel entry.