The media made a big deal that September 29th was the largest 1 Day Point drop in the Dow. However one should look at % Drops and not Point Drops to judge how bad things can actually get. For example going all the way back to 1900 these are the largest 1 Day % Drops in the Dow by rank. As you can see September 29th ranked number 27 on the list on a % basis and was nowhere near as bad as the worst two days which occurred on 12/13/1914 and on 10/19/1987. If you think things are bad today you should look at 1929 when the Dow dropp[...]
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[Source: The Money Blogs]
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