Monday, September 29, 2008

'Cause I'm Free... Free Fallin'

chart Remember how a couple of weeks ago I mentioned that the Dow had dropped 500 points, making it the largest single day drop since 9/11? I had italicized it and everything. Well, that was... how do I put this delicately? ... a Sunday stroll in Central Park. On a spring afternoon.

BECAUSE TODAY THE DOW SHED 800 POINTS!

Or nearly 7%. Or about $1.2 trillion (yeah, that's with a 't' - again) in market capitalization.

Making it the largest single day drop since Black Monday - October 19, 1987 - when it dropped 23%.

That's it - I'm speechless.

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