Another Day, Another Crash

Out of nowhere, we had another stock market crash today, as the S&P 500 fell 9.03% for its biggest decline of the current bear market.  As shown in the table below, the index had its 8th worst decline ever today going back to 1927.  Last week, we had the biggest weekly drop ever.  Less than three weeks ago, we had the 10th worst one-day decline ever, while last Thursday's fall of 7.62% is the 18th worst.  This has truly been a downer of a day, a downer of a week, a downer of a month, a downer of a quarter, a downer of a year, and a downer of a decade for stocks.  It's unbelievable, but 2008 is now on par with the worst years of the Great Depression for equities.

.

Comments

[ScottyB]

If we drop below last weeks lows, it's gonna be terminal velocity freefall.

Incidentally, you can't buy physical gold or silver American Eagles anywhere except eBay (for 4 times spot no less). A lot of people are prepping for Armageddon.

[Andrew Knight]

Hi Bespoke,

I'm emailing you in regards to an email I sent to you last month about a partnership, have you had a chance to think about it?

If you would more information about the proposal, please let me know.

I look forward to hearing from you.

Kind Regards,
Andrew Knight.
Website Manager
Banking & Finance Division
Asia-Pacific Region

Boomerang.com.au (Australia) Pty Ltd
E: andrew.knight@boomerang.com.au