Take a look at the Dow today during it’s record-breaking 777.68 point loss. See that moment around 1:45 pm EST when the hearts of every bailout supporter were broken? Ouch.
Although the Dow now tops this list of the greatest net losses in history, we’re still a long way off from denting the Top 10 Greatest Percentage losses with barely over 7% lost today. Most of the reason for this is because of the sheer volume in today’s markets compared to the the lower numbers back in the day when less points meant a bigger move.
Not to make light of it all, but yeah that’s still pretty bad.
via CNN Money: Stocks Crushed, September 29, 2008