10 October 2008
DOW fell another 678 points in 9 October 2008 or about 7.4%. This makes the total fall to be more than 20% in 7 trading days, from 1 October to 9 October 2008 or about 1 week. Is this the biggest fall in DOW's history?
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Comparable Falls
There are 2 occasions where DOW fell for about 20% or more in 1 week.
1st Fall
The first was from 9 October 1987 to 19 October 1987. DOW fell from 2,516 to 1,738, a total of 778 points or more than 30%. That day on 19 October, the famous Black Monday, DOW registered the biggest fall of 22% in a single day. The market did not recover from this damage until 01 August 1989, about 2 years after the fall.
Doubleclick for enlarged picture2nd Fall
The second was from 13 May 1940 to 21 May 1940. DOW fell from 144 to 114 or about 30 points or about 21%. The market did not recover until 15 July 1943 or about 3 years later. This was in the midst of 2nd World War.
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The Biggest Fall
The biggest fall in the history of DOW has to be the fall during the great depression in 1932. Although this is not the biggest fall in a week, DOW fell by about 50% over a period of about 2 years. The market did not fully recovered until 1953 or about 20 years later.
The biggest fall in the history of DOW has to be the fall during the great depression in 1932. Although this is not the biggest fall in a week, DOW fell by about 50% over a period of about 2 years. The market did not fully recovered until 1953 or about 20 years later.
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