Here's how to tell if excessive shorting will result in a reversal known as a short squeeze.» Read More
The Dow Jones Industrial Average dropped 464.5 points or 3.84% on the open this morning, making today the biggest decline on an open since the 9/11 attacks and fourth biggest point drop on open in history. Below are the biggest drops on the open of the Dow - Note that 60% of the times the Dow bounced back during the day. Right now the Dow has rallied back and is down ~175. Roughly 70% of the time in the past 20 years, big drops like these are followed by gains the next day.