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« Blogoversary Giveaway - Day 5: THE BIG FINALE | Main | I Was Right: Boston vs. Colorado in the World Series »

2o Years Ago Today…

By JLP | October 19, 2007

the Dow Jones Industrial Average lost 22.6% of its value in one day.

To put that drop in perspective, if the same percentage drop were to occur today, this is what it would look like:

Wow! A 3,100 point drop! Can you imagine?

Could something like that happen today? I doubt it but it could happen over a period of time.

One last little tidbit…

Here’s what the percentage change would look like if the Dow lost 507.99 points today:

So, a 500 point drop today would only represent a -3.66% change. Yeah, it’s still a big drop point-wise, but not nearly as big as it was in 1987.

Topics: Investing |