Well, if you think things are bad financially now, let’s look at today’s feature. On this date in 2008, the Dow Jones had the second worst loss in its history. It had a 733.08 point (7.87%) drop. This happened because there was a report that retail sales had reached their lowest point in three years. It was reported that economic recovery would be slow. I think that is still going on.
For more information:
http://famousdaily.com/history/dow-jones-second-worst-drop-history.html
http://money.cnn.com/2008/10/15/markets/markets_newyork/index.htm
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