The DOW just fell over 500 points, down 4.31%. The S&P is down a whopping 4.78%.
To put this in context:
" Fearing that the crisis in the financial industry could stun the broader economy, investors drove stocks down almost 5 percent Monday, sending the Dow Jones industrial average and Standard & Poor’s 500-stock index to their lowest levels in two years.
The Dow fell 504.48 points, its biggest one-day point drop since Sept. 17, 2001, the first trading day after the Sept. 11 terrorist attacks."
That clip was not written about today's market. It was published on September 15, 2008. As in, the beginning of the Meltdown. The 2008 one.
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