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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: TWICK who wrote (32899)	9/8/2000 9:52:17 PM
From: Susan Saline	Respond to of 50167

biggest point gainer day, ever? ggggg

To: TWICK who wrote (32899)	9/8/2000 11:36:04 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 50167

Dec.8,1980...????I thought it was Oct 8 or 9th? His birthday? "1980 JOHN LENNON SHOT: British pop star John Lennon caused outrage when he declared that the Beatles were "more popular than Jesus," but during the 1960s it seemed that he might have been right. Love and peace were Lennon's central themes; love came with Yoko Ono, but peace was shattered on December 8, 1980, when he was shot while leaving his apartment building in New York City. His assailant, Mark Chapman, was convicted and sent to jail. Bereaved fans kept a vigil in front of the entrance to his home for an entire week." that other 87 event was Oct 19? Things much different now I believe....although, I'm not very bullish short term....no reason to begin a panic mentality...we didn't panic the last time we hit SPX1438...but Sept-Oct are always full of thrill rides..... "1987 Panic Attack on Wall Street In 1987, the markets were enjoying a record-setting bull run, seemingly unbothered by occasional cocaine scandals or the arrest of Ivan Boesky. However, on October 19, "panic selling" sent the Dow into an unprecedented 508-point freefall. After a day of frantic action, the markets had shed 23 percent of their total value. The staggering loss sent analysts scurrying to find a smoking gun--and they found several. Along with the usual suspects, inflation and rising interest rates, the announcement of a surprisingly steep trade deficit and news of an American attack against Iran were both blamed for Wall Street's woes. Some industry insiders looked even closer to home, speculating that the market's computerized trading system played a role in sparking the crash. The computers, however, refused to comment on the incident. " "1996 End of the Bull Market? While the markets may have been in the midst of a Bull Run, traders couldn't stop fretting over the possibility of a downturn. So, when Federal Reserve Chairman Alan Greenspan gave one of his periodic updates on September 8, analysts and traders launched into a frenzy of analysis, deconstructing the speech for any sign of a slowdown. Though Wall Street felt that Greenspan delivered a cautious message, the ensuing months saw the economy enjoy another period of unprecedented growth." " 1986 Dow Falls Sharply September 11, 1986 was a grim day on Wall Street: the Dow dropped whopping 86.61 points to close the day at 1,792.89. " "sept 18 1873 Robber Barons Cause Panic The Panic of 1873 was one of the worst financial crises in the nation's history. It stretched on for five years, closing banks and deflating the markets, as well as damaging people's faith in the future of the nation. The depression began on September 18 with the surprise collapse of Jay Cooke and Co., one of the country's most reputable brokerage houses. Jay Cooke's downfall, due mainly to an ill-fated decision to fund a second transcontinental railroad line, was less a smoking gun than a highly visible symptom of America's fiscal instability. After twelve years of unchecked expansion, the economy was bloated from inflation and excess speculation and when the Panic hit, it had devastating results. Along with Jay Cooke, thirty-seven banks and two brokerage houses closed their doors on this day. In the ensuing days, the losses increased and the NYSE was forced to shut down for over a week. With the situation growing dire, the secretary of the Treasury decided to infuse the economy with $26 million in paper money. Despite the government's efforts, the Panic did not subside, and the economy continued its slump through the end of the decade. "