Worst point drop in US History...and it ain't gonna get better...

[Doityourself]

[sandnsea]

1. 22% is the worst drop in history

Let's keep this in perspective.

[TheDonkey]

4. seriously. We're at 7% and it's hit a floor. Tomorrow it'll be up 4%

as investor pile in to buy up undervalued stocks. Stocks are valued in the LONG RUN not this shortterm panics

[sandnsea]

5. Uh, no it won't

Unless there is major movement in Congress. But we don't have to add to the panic either. 7% is pretty stomach churning - and I don't have any money in the market, or any money I could invest in the market if I were inclined to do that anyway.

[WeDidIt]

8. It could go up 4%

It could drop 8%.

I don't think anybody really knows.

[Geoff R. Casavant]

6. Right and wrong, I guess.

22% was the worst percentage drop, I agree, but the OP was talking about the point drop. The 22% drop was made when the DJIA was much lower, so it was a smaller point drop.

But you are right, perspective helps.

[sandnsea]

7. *sigh*

Yeah. I know.

The reason we're having record point drops is because the value of the DOW is so much higher.

There's no comparison on a point basis, it's worthless.

Obviously.

[Loge23]

2. We'll break 10,000 tomorrow (eom)

[Loge23]

3. We'll break 10,000 tomorrow (eom)