Top 20 one day percent decreases in Dow Jones
Read the full article at: http://www.dividendgrowthinvestor.com/2008/10/top-20-one-day-percent-decreases-in-dow.html
Submitted by Dividend Growth... on Wed, 2008-10-08 09:54.
(via www.dividendgrowthinvestor.com)
Last Monday the Dow Industrials fell by 777 points after the US Senate didn’t pass the 700 billion bailout package. Most news reporters informed the public that Mondays drop in the oldest US stock index was the largest one day point drop ever. They were correct in this one. The issue is that this was not the largest drop in percentage terms. In other words even though last Mondays drop was higher than the one on Black Monday in 1987, it was much lower in percentage terms.
