I like the weekends because it gives me time to share interesting articles like the one I found this week below from Investor News Daily. I also like these kinds of articles because they put things in perspective. What follows is a list of the worst daily losses in the history of the Dow (just in case anyone thinks last Monday was actually bad) and though several of them were from the Great 1929 Crash, most of them were not. Some were even from quite recent history. Enjoy the trip down memory lane. It was quite a fierce storm tonight and we're in for a few very steamy days ahead. Hope everyone is surviving.
10 worst percentage losses ever for the Dow
By Brittney Grimes Investor News Daily
The Dow Jones Industrial Average slid more than 700 points on Monday, July 19, marking its worst session since October 2020, as fears over the spreading Delta coronavirus variant hit markets. If you think that', the very worst days for stocks saw double-digit percentage losses that coincided with the most notorious market events in history — including the Great Depression and Black Monday. One from recent memory includes the 2,013-point stock market plunge in March of 2020 that marked the largest single-day point loss for the Dow Jones in the history of the index. Here are the 10 worst market days for the Dow by percentage loss. Source: CEOWorld
October 19, 1987
% Dow dropped - 22.61
This day was the largest one-day drop percentage in history, often called Black Monday. Prior to the crash of 1987, there were signs of economic growth decelerating.
This day was the largest one-day drop percentage in history, often called Black Monday. Prior to the crash of 1987, there were signs of economic growth decelerating.
October 28, 1929
% Dow dropped - 12.82
This day was the start of the stock market crash of 1929, occurring just after Black Thursday.
This day was the start of the stock market crash of 1929, occurring just after Black Thursday.
October 29, 1929
% Dow dropped - 11.73
Also referred to as Black Tuesday, investors panicked over a possible depression, which caused stock prices to collapse.
Also referred to as Black Tuesday, investors panicked over a possible depression, which caused stock prices to collapse.
November 6, 1929
% Dow dropped - 9.92
Stock continued to fall and lasted over a day. On this date, the stock market plummeted in relation to the crash of 1929.
Stock continued to fall and lasted over a day. On this date, the stock market plummeted in relation to the crash of 1929.
December 18, 1899
% Dow dropped - 8.72
Much of this plunge was caused by a drop in silver reserves. The Wall Street Journal referred to it as “the most disastrous stock decline in the history of the New York Stock Exchange.”
Much of this plunge was caused by a drop in silver reserves. The Wall Street Journal referred to it as “the most disastrous stock decline in the history of the New York Stock Exchange.”
December 8, 1932
% Dow dropped - 8.49
After the fall in stock prices and the crash of 1929, this terrible day in market history came during The Great Depression.
After the fall in stock prices and the crash of 1929, this terrible day in market history came during The Great Depression.
March 14, 1907
% Dow dropped - 8.29
Stocks drop significantly on this date, which eventually leads to the Panic of 1907, which would take place in October.
Stocks drop significantly on this date, which eventually leads to the Panic of 1907, which would take place in October.
October 26, 1987
% Dow dropped - 8.04
This market plummet was a continuation of the investor uneasiness caused by Black Monday and Black Tuesday of 1986.
This market plummet was a continuation of the investor uneasiness caused by Black Monday and Black Tuesday of 1986.
October 15, 2008
% Dow dropped - 7.87
On this date, the stock markets crashed substantially, and there was a large drop off internationally, as well. This day was part of the Global Financial Crisis of 2008.
On this date, the stock markets crashed substantially, and there was a large drop off internationally, as well. This day was part of the Global Financial Crisis of 2008.
July 21, 1933
% Dow dropped - 7.84
There were still many Americans out of work from the Great Depression and half of U.S. banks failed in 1933.
There were still many Americans out of work from the Great Depression and half of U.S. banks failed in 1933.
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