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Tuesday, February 10, 2009

Cliff Diving: U.S. Stocks

by Calculated Risk on 2/10/2009 03:56:00 PM

Update: This graph is from Doug Short of (financial planner): "Four Bad Bears". There is much more at the site.

Stock Market Crashes Click on graph for updated image in new window.

Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.

Investors didn't think much of Secretary Geithner's outline of a bailout (we can't really call it a plan).

DOW off 386 points or so ...

S&P 500 off 43 points (almost 5%)

NASDAQ off 67 points (about 4%)

Another day of Cliff Diving.