Fires of Heaven Guild Message Board - View Single Post - Black Tuesday? Dow falls nearly 500 points

Elurin · 02-27-2007, 01:18 PM

Largest drop ever in the Dow Jones was 2001, when it fell 684 points. Black Monday, in 1989, marked the 2nd largest fall as a percentage of the market (1929 was the largest)

Since the market is so inflated now (was pushing 13000 before today), this won't be quite as big an impact. It is still a very large drop for a single day of trading, however.

The next week should be interesting to see if the market decides to correct itself (back to around 11,000-11,500, would be my guess) or if this is just a blip caused by China.

As of this posting, it's down 410 points with around 45 minutes of trading left. Oh, and I know Black Tuesday was already taken for the day after Black Monday in 1989, but it seems more pertinent to not name the whole week with a catchy name.

02-27-2007, 01:18 PM	#1 (permalink)
Elurin Hail to the Redskins! Join Date: Sep 2004 Location: Murray, KY Posts: 1,075 -12 Internets	Black Tuesday? Dow falls nearly 500 points Largest drop ever in the Dow Jones was 2001, when it fell 684 points. Black Monday, in 1989, marked the 2nd largest fall as a percentage of the market (1929 was the largest) Since the market is so inflated now (was pushing 13000 before today), this won't be quite as big an impact. It is still a very large drop for a single day of trading, however. The next week should be interesting to see if the market decides to correct itself (back to around 11,000-11,500, would be my guess) or if this is just a blip caused by China. As of this posting, it's down 410 points with around 45 minutes of trading left. Oh, and I know Black Tuesday was already taken for the day after Black Monday in 1989, but it seems more pertinent to not name the whole week with a catchy name.