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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

U.S. Stocks in Free Fall

The Dow Jones industrial average has fallen by record amounts four times in the last month and appears ready to set another record today, falling more than 700 points, or over seven percent, so far today.

The record percentage drops for the Dow:

10/19/87 -- 22.61%

10/27/97 -- 7.18%

9/17/01 -- 7.13%

9/29/08 -- 6.98%

10/13/89 -- 6.91%

01/08/88 -- 6.85%

--Renae Merle

By Sara Goo  |  October 6, 2008; 2:54 PM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Waxman Asks Fuld: 'Is this fair?'
Next: How Far Down Until Trading Halts?


It looks like the editorial trickery didn't work, so that's the bad news. The good news is that the publisher has the advantage of printing a correction and this market is going to require lots of corrections before all is said and done. There is a lot of value being lost and some things will remain the same. Quality pays for itself and trash gets thrown out for good. It looks like we will see how big the trash heap gets. I'll stay Posted and with any luck there will be enough for treats for the kids this Halloween. Right now it's looking like hell.

Posted by: JD in PA | October 6, 1908 3:12 PM | Report abuse

Why do most big drops occur in September and october?

Posted by: Most Offensive | October 6, 1908 4:00 PM | Report abuse

It looks a little better, although it looked so bad there for a little while it couldn't of looked much worse. It's a dangerous ride, so hold on tight. Even the rush hour traffic is going to be a relief after the drama today. I wonder what the trick in the morning will be. On second thought, I don't want to know.

Posted by: JD in PA | October 6, 1908 4:14 PM | Report abuse

No surprise, 3 of the 6 largest while RR was president and 2 while W was president. The other was when Clinton was president. RR and W were more liberal than Clinton when it came to spending, building an economy based upon debt.


Posted by: John | October 6, 1908 7:12 PM | Report abuse

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