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Pastimes : The Philosophical Porch
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To: Rarebird who wrote (3379)10/10/2008 12:26:32 PM
From: $Mogul  Read Replies (1) of 26251
 
The Dow has never had six straight losses of 1% or more, something it managed to accomplish this time. It's now on track to close the week down more than 20%, something else it has never done before (at least going back to 1897). Even after the '87 crash, it recovered to close the week "only" down 13% or so. It did close down 23% in December 1914, but that was after the market had been closed for several months due to WWI.
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