This above all; to thine own self be true.

- William Shakespeare

Today's Loss, Not So Big

A lot is being made of today's decline in the market by those who wish to believe the sky is falling. You may want to know that today's 777 point, 6.98% decline is not even in the top 10 in the history of the DOW:

Rank Date % Decline
1 12/12/1914 -24.39
2 10/19/1987 -22.61
3 10/28/1929 -12.82
4 10/29/1929 -11.73
5 11/06/1929 -9.92
6 12/18/1899 -8.72
7 08/12/1932 -8.40
8 03/14/1907 -8.29
9 10/26/1987 -8.04
10 07/21/1933 -7.84

posted at 16:28:00 on 09/29/08 by clearpolitics - Category: Economics - [Permalink]

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