Another Day, Another Crash

Out of nowhere, we had another stock market crash today, as the S&P 500 fell 9.06% for its biggest decline of the current bear market.  As shown in the table below, the index had its 8th worst decline ever today going back to 1927.  Less than three weeks ago, we had the 10th worst one-day decline ever, and last week, we had the biggest weekly decline ever.

Comments

[Paulo:]

And just yesterday the TSX was up intraday by 18%!!!

2008 Oct 15 04:51 PM

[RSAAKS:]

A qustion for you: What bear market had most number of >5% down one day moves? How many >5% down days does it take to complete a bear market? How often has a bear market continued, even after tw 5% up days? Is there an answer to such questions or is the question irrelevant?

2008 Oct 16 02:02 PM