Wednesday, October 15, 2008

Dow Tumbles AGAIN

BREAKING NEWS: The Dow tumbles 734 points

BEHIND THE NEWS: Another horrible day on Wall Street today. Stocks plummeted today to 734 points making it the second time ever that the markets falls 700 points (September 29 – 778 points). News of a recession played a part in the market tumbling so low.

Since that awful day on the 29th of September, this crisis has re-written the record books in the wrong way. We currently own the 1,2,6,7,8 place on the top 10 worst one day point drop ever. Before the crisis, the last entry into the top 10 was in February 2007 when the market dropped 416 points. Also, today the market dropped 7.87% placing that in the top 10 worst one day percentage drop ever.

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