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Monday, March 09, 2009

Stock Market: Another "Lowest Since ..." Day

by Calculated Risk on 3/09/2009 04:04:00 PM

Another down day ... and that means another link to the four Grizzly Bears (not including foreign markets and the Naz)

DOW off 1.2%

S&P 500 off 1.0%, off 56.8% from the high, lowest since Sept 12, 1996.

NASDAQ off 1.9%

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

This graph is from Doug Short of (financial planner): "Four Bad Bears".

This is the 2nd worst S&P 500 / DOW bear market in the U.S. in 100 years. At this point - 17 months into the bear market - this is the worst ever (lower than the Great Depression bear after 17 months).

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

The low in 1996 was 598.48.

Another 78 points or so to get back to 1995 prices.