This Seems Weird..........

[FinanceDude]

Well, I got my answer....

October 9th, 2008: 8623.31

Down 39.1% in ONE calendar year

I take it back, this is looking WORSE than after 9/11.........

 

[audreyh1]

What's the % drop from the peak on 10/9/07?

Audrey

 

[rickier55]

What's the % drop from the peak on 10/9/07?

Audrey

About 42% I beleive.

Rick

 

[lazygood4nothinbum]

suddenly real estate isn't looking so bad.

of course, i'll have to see if my address lines up astrologically to the local market decline to know just when to sell.

my plan is to ride real estate down and then ride the market back up again. just for a change of view.

 

[ziggy29]

What's the % drop from the peak on 10/9/07?

Are you sitting down, Audrey? Got your barf bag handy?

From their intra-day all-time highs on October 11, 2007:

Dow -- 14,279.96 to 8,579.19 -- down 39.92%
S&P 500 -- 1576.09 to 909.92 -- down 42.27%

 

[audreyh1]

I didn't need to have a barf bag to see the total damage. This whole week I've been watching my retirement portfolio fast approaching the level it was when I retired in 1999!!! At the Oct 2007 peak I was 61% above that level. Yesterday, I was only 14% above that level. After today - gulp!

Glad I've got those 2.5 years in cash on the sidelines!

Audrey