For those of you concerned about the financial fallout of the failed bailout plan, and the “biggest single day drop in the history of the Dow Jones Industrial Average”, I thought I would share a little bit of research on the topic.

Monday’s (Sep 29, 2008) 777.68 point drop was the biggest numeric drop in the history, but it isn’t anywhere near the biggest single-day percentage drop, which is much more significant and investment is made by percentage instead of plain numeric value. This drop was 6.98%, 18th on the list of highest percentage drops.

Historical Losses:

The number one drop was 24.39% on December 12, 1914, the first day the market was open after the start of World War I. On October 12, 1987, the market declined by 22.61%, and the two-day stock market crash of 1929 saw consecutive 12.82% and 11.73% declines, ushering in the Great Depression. September 11, 2001 is far down at number 15, with only a 7.13% loss.

Due to the effects of percentage changes in general upward trends, the DJIA increased from 54 points after the 1914 crash, to 230 in 1929 and 1,739 in 1987, to today’s 10,850. In essence, the 777.68-point drop was only 7%, but the number was far bigger than the entire DJIA total of 1914 or 1929. Had those years lost 100% of financial value, it wouldn’t have come close to the recent numeric total, but it would have been far more serious (and was, at 20+%), destroying the financial circumstances of most people invested in the stock market.

Also take note: the DJIA increased by nearly 500 points the next day (Sep 30), salvaging much of the losses.

Also note that if the stock market drops more than 10%, trading is halted automatically (due to the 1987 crash), and this did not nearly come to pass in the recent drop. Our country is really relatively financially sound relative to past national crises.

http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average
http://en.wikipedia.org/wiki/Trading_curb

This drop was 6.98%, 18th on the list of highest percentage drops.  http://www.downlez.com

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The stock market crash is frequently defined as an abrupt dip in share values of equities listed on the stock market. In parallel with all kinds of economic factors, the reason for stock market crashes is also caused by panic and investing public’s confidence loss. Frequently, stock market crashes cease speculative economic bubbles.

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It wouldn’t have come close to the recent numeric total, but it would have been far more serious .

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The stock exchange is not really good nowadays. It has to be somewhat in valley area. Do you think we should invest still?
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Yes, this is the biggest lost so far. Don’t you think we should stop investing. It’s no use if you keep losing your money. It’s not worth it…

Stock market is very risky these days and with the time of recession this has started. Hope to get things normal soon.

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Depending on how won gathers and compares numbers, the recent market losses are the largest in history, as the headline on many news programs indicates; but it is not the largest percentage drop.