1 posts and columns on Nasdaq Composit

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?