Originally posted by: blackangst1
Originally posted by: techs
I just heard on the news the stock market drop this month was the greatest in 70 years.
I guess the neo-cons are about to get their wish of destroying the American economy and bringing about another Great Depression.
I guess it will take another Democrat to fix things.
uh
In the last month the DJIA high was 13,500. The low was 12,100. thats a 1,400 difference, or 10.5% difference.
Maybe you forgot about Black Monday in October 1987? 22.5%. But, it wasnt just us. Hong Kong was, if I remember, close to 50% drop. Black Monday was the largest drop in market history, including the drop that started the great depression. That certainly falls with the last 70 years, no?
Between 2000 and 2002 the market had lost 30%. But that was over 2 years. There have many 10% drops in the market. Really not that big of a deal.
Chill out man.