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Rating Wall St.

Posted at 5:00 PM on October 9, 2008 by Bob Collins (4 Comments)
Filed under: Economy

With Thursday's big drop on the market, here's the historical context of things on Wall Street. It's interesting (not to mention, painful) that five of the 10 biggest point drops in the Dow in history, have occurred in the last month.

Greatest Net Losers
RankDateChange
19/29/2008 -777.68
29/17/2001-684.81
3 10/9/2008-671.91
44/14/2000-617.08
510/27/1997-554.26
68/31/1998-512.61
710/7/2008-508.39
810/19/1987 -508
99/15/2008-504.48
10 9/18/2008 -449.36
Greatest percentage losers
112/12/1914-24.39
2 10/19/1987-22.61
310/28/1929-12.82
410/29/1929-11.73
511/6/1929-9.92
612/18/1899-8.72
78/12/1932-8.40
83/14/1907-8.29
910/26/1987 -8.04
107/21/1933-7.84
Source: Dow Jones

Comments (4)


Interesting, but I'd be curious about the worst WEEKS (or even 30-day periods) on Wall Street. This one would likely make the top 10.

Posted by David Brauer | October 9, 2008 6:23 PM


Look at the second table. Percentages are far more meaningful. The first table is a bit like ranking highest-paid executives in current year dollars or declaring anything else inflated "the biggest in history."

Posted by Charlie Quimby | October 10, 2008 6:30 AM


Charlie:
I will gleefully acknowledge focusing on the second chart might temporarily ease the pain of the first chart. But the first chart is hardly irrelevant.

Keep in mind, these are ONE-DAY declines. I haven't had a chance to check yet, but it wouldn't surprise me if the percentage drop THIS WEEK in the value of the market is very close to the top of the worst week's in history.

When you're losing your retirement, I suppose it doesn't matter whether it takes a day or a week.

Posted by Bob Collins | October 10, 2008 7:55 AM


Sorry, David, I didn't see that you'd made roughly the same point. Yes, it's on my list of things to do.... Fire up the Exel and see where this ranks in terms of worst weeks. I'm not the great spreadsheet manipulator, though and it's taking me a little while to figure out which of the days is a Monday and which is a Friday all the way back to teh 19-teens.

Posted by Bob Collins | October 10, 2008 7:58 AM



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