9/30/2008

Statistics about 9 29 2008 decline:

I will try to post some info comparing yesterday to other drops in history:
 
 
Major U.S. stock indexes plummeted Monday in one of their worst sessions ever. The Dow suffered its worst one-day point loss ever, falling 777 points, or nearly 7%. The S&P 500 plunged 8.79%, and the Nasdaq tumbled a jaw-dropping 9.14%. According to Bloomberg News, $1.2 trillion was knocked off the value of American equity securities.
 
The VIX index, widely regarded as the market's primary "fear gauge", leaped as high as 48.40 on Monday, the highest level since readings of 48.46 on July 24, 2002 and 49.35 on Sept. 21, 2001.
 
 
Inter-bank lending rates have hit their highest point for more than seven years last night despite intervention from central banks, according to the British Bankers' Association (BBA).
 
The Irish Stock Exchange has had its worst fall in its history, shedding 12.7% amid continued global anxiety.
 
 
 
 
 

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