Wednesday, August 10, 2011

Dow Down 500+, S&P 500 down 4.4%

by Calculated Risk on 8/10/2011 04:14:00 PM

This was the third big down day this month ...

From the WSJ: Stocks Slide 4.6%, Erasing Tuesday Gains

The Dow Jones Industrial Average fell 520.29 points, or 4.6%, to 10719.48, while the Standard & Poor's 500-stock index slid 51.83 points, or 4.4%, to 1120.70 and the Nasdaq Composite lost 101.47 points, or 4.1%, to 2381.05.

... In a reflection of investor concern, the CBOE Market Volatility Index, the "fear gauge" known as the VIX, surged 18%
The table below shows the largest down days on the S&P 500 since 1950.

Largest S&P 500 One Day Percentage Declines since 1950
 DatePercent DeclineClosePrevious CloseSix Months Later
110/19/1987-20.5%224.84282.715.3%
210/15/2008-9.0%907.84998.01-4.7%
312/1/2008-8.9%816.21896.2415.7%
49/29/2008-8.8%1106.421213.27-28.8%
510/26/1987-8.3%227.67248.2215.3%
610/9/2008-7.6%909.92984.94-5.9%
710/27/1997-6.9%876.99941.6423.7%
88/31/1998-6.8%957.281027.1428.0%
91/8/1988-6.8%243.4261.0711.7%
1011/20/2008-6.7%752.44806.5817.9%
115/28/1962-6.7%55.559.4710.6%
128/8/2011-6.7%1,119.471199.38---
139/26/1955-6.6%42.6145.6314.1%
1410/13/1989-6.1%333.65355.393.2%
1511/19/2008-6.1%806.58859.1210.1%
1610/22/2008-6.1%896.78955.05-5.0%
174/14/2000-5.8%1356.561440.51-2.0%
1810/7/2008-5.7%996.231056.89-18.1%
196/26/1950-5.4%18.1119.1410.0%
201/20/2009-5.3%805.22850.1218.1%
2111/5/2008-5.3%952.771005.75-4.8%
2211/12/2008-5.2%852.3898.954.8%
2310/16/1987-5.2%282.7298.08-8.1%
2411/6/2008-5.0%904.88952.772.7%
259/17/2001-4.9%1038.771092.5412.2%
262/10/2009-4.9%827.16869.8921.8%
279/11/1986-4.8%235.18247.0623.4%
288/4/2011-4.8%1200.071260.34---
299/17/2008-4.7%1156.391213.6-31.3%
309/15/2008-4.7%1192.71251.7-36.8%
313/2/2009-4.7%700.82735.0947.1%
322/17/2009-4.6%789.17826.8427.2%
338/10/2011-4.4%1,120.751172.53---
344/14/1988-4.4%259.75271.587.0%
353/12/2001-4.3%1180.161233.42-8.0%
364/20/2009-4.3%832.39869.631.7%
373/5/2009-4.3%682.55712.8746.2%
3811/30/1987-4.2%230.3240.3410.0%
3911/14/2008-4.2%873.29911.294.2%
409/3/2002-4.2%878.02916.07-6.4%
4110/2/2008-4.0%1114.281161.06-25.1%
4210/25/1982-4.0%133.32138.8320.3%