by Bill McBride on 2/23/2009 04:01:00 PM
Monday, February 23, 2009
Well, almost 1996. The S&P 500 low in 1997 was 737.01.
Click on graph for larger image in new window.
DOW off 250 points (3.4%)
S&P 500 off 27 points (3.5%)
NASDAQ off 53 points (about 3.7%)
Another day of Cliff Diving.
This graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears". (if smaller graph isn't updated, click for larger graph - Doug should update soon)
Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.