25 Year Anniversary of Stock Market Crash: Dow Drops 205 NASDAQ Drops 67

Today is the 25th Anniversary of the 1987 stock market crash. Is today a repeat of history. At least today's drop wasn't as bad. The Dow Jones Industrial Average tanked by 205 points or 1.5% and the NASDAQ went down by 67 points or about 2.2%. This is the biggest drop in about four months.

Did anyone read the article from Sunday, October 14, on How to Speculate on a Market Drop Without Options or Shorting? The article described the Daily S&P 500 Bear 3X Shares ETF (SPXS), which was up 5.1% today. The Direxion Daily Energy Bear 3X Shares (ERY) was up 4.5% today.

As for the popular stocks, Google was down 74 points in the last two days due to missing estimates on revenues and a substantial drop in earnings per share. Apple (AAPL) fell over 22 points today. Chipotle Mexican Grill, Inc. (CMG) was off by about 43 points, or 15%.

Disclosure: Author owns AAPL.

By Stockerblog.com

What Stock Dropped Almost 100 Points on Friday?

Do you know what stock dropped almost 100 points on Friday? This is not counting Berkshire Hathaway (BRK-A) (BRK-B) which was down 1265 points. The stock that was down big time to the tune of 21.5% was Chipotle Mexican Grill, Inc. (CMG), the operator of numerous Mexican restaurants throughout the US. This has been a hot stock of late, closing at 403.86 last Thursday, but dropping as low as 307.20, down about 96 points, then closing at 316.98.

The company reported sales below what Wall street analysts were expecting, which in turn, triggered several downgrades for the stock. The stock trades around 29 times forward earnings and does not pay a dividend.