Now if the Dow lost three THOUSAND points...Aaron Pressman
I’ve been graced by good fortune this week it seems, at least blogwise, if not in my 401(k). Yesterday’s entry, written before the market opened, took a quick look at comparing 2007 to 1987 and the stock market’s crash-worthiness. It’s now a red hot subject thanks to yesterday’s big number, small percentage drop in the market. Which does add another parallel, of course. The Friday before Black Monday, the market had a terrible but not horrific drop. And just to put things in perspective, for the Dow today to match the 22.6% drop of October 19, 1987, the index would have to lose 3,045 points in one day. Youch!
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