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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:
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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 |