Record Drops in Dow

Dow Biggest Point Drops

Dow Jones Biggest Point Drops

Record Drops in Dow and S&P

Monday 09/29/08

Dow      10,365.45    -777.68  (-6.98%)

S&P         1,106.42    -106.85  (-8.81%)

All the major indexes were down more than 6% for the first time since 1998.

Prior to today, the biggest point drops for the Dow and S&P was after the 9/11 attacks in 2001.

The VIX (a volatility index closed at 46.72 Up 11.98 or 34.48%) was at levels not seen since 1998.

Dow biggest point drops

  • 9/17/01 down 685
  • 4/14/00 down 618
  • 10/27/97 down 554
  • 8/31/98 down 513
  • 10/19/87 down 508

S&P biggest point drops

  • 4/14/00 down 83
  • 8/31/98 down 70
  • 10/27/97 down 65
  • 9/15/08 down 59
  • 10/19/87 down 57

NASDAQ biggest point drops

  • 4/14/00 down 356
  • 4/3/00 down 349
  • 4/12/00  down 286
  • 4/10/00  down 258
  • 1/4/00  down 230
© 2008 CNBC.com

Do You Think The Stock Market Could Fall to 11,000?

This is a Chart of the Stock Market (The Dow Jones Avg.) since the most recent market bottom in early 2003.

The stock market has risen every year for the past 5 years.

If the stock market would fall to 11,000 – that would be 2,806 points down or 20.3% – If that happened most people would loose their jobs, because the credit markets would tighten, borrowing money would all but disappear and consumer confidence would crash and everyone would pull back and not spend any money.

If this happens the Federal Reserve Bank will print more money (why not they can do it) and the U.S. Dollar will decline even further – The value of our money if becoming worthless becuse when the Fed prints more money, it is not tied to anything material – they just decide to print more, and the more money there is in circulation, the less it is worth – Basically what we have in our pockets and bank accounts is slowing diminishing – better start saving harder.

Dow Jones Industrial Average DJIA Close on 10/26/2007 13,806.70

DJIA Chart Since 2003 Market Bottom