Monday, September 29, 2008

Biggest S&P 500 Declines

As it currently stands, the decline of 7.8% in the S&P 500 ranks 15th in terms of one-day losses going back to 1927. Below we highlight the 20 largest daily drops in the index sorted by decline and date. As shown, today is set to be the biggest drop since October 26th, 1987.

Update: the final tally for the day has the S&P 500 down 8.79%, making it the biggest decline since Black Monday in 1987.

Biggestdeclines_2

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.