2 posts and columns on Black Monday

Comparing Crashes: This One's Worse Than ’87

in News on October 10, 2008 at 2:21 pm PT

With today’s further decline–as I write this, the Nasdaq Composite is down another 86 points, or 5.2 percent, to 1,559–the index has tumbled 45 percent since peaking at 2,859 last Halloween. I think we can all agree that a 45 percent decline qualifies as a market crash, can’t we?

Nasdaq Plunges 199–or 9 Percent–Among Worst Days Ever

in News on September 29, 2008 at 4:37 pm PT

The Nadsaq Composite today plunged 199.61, or 9.14 percent, to 1983.73, as investors fled equities amid a growing sense of crisis in the financial sector. Stocks started off sharply lower this morning; the slide accelerated after the House rejected a proposed $700 billion buyout of the financial sector.