Worst SPX Decline in History
The DOW works it’s way back up near the high of the day, and then loses 350 points in 30 minutes to close near the low.
The DOW was 2200 points higher just 10 days ago.
I heard on cnbc that a 1000 point rally could occur at any time the next few days to weeks. I heard it again later.
We’re now at the Worst SPX decline in history.
October 9th, 2008 at 8:31 am
Yup. That is why at the first sign of trouble in long term “buy and hold” accounts, I go to cash. Mutual funds absolutely hate that.
October 9th, 2008 at 8:49 pm
Amazing what a train wreck this is when most knew it’s been coming for a year.