Dow Hits New Intraday Low

While closing down only 3.5% on Monday at 9955.50, The Dow Jones Industrial Average was earlier down as much as 800 points, or 7.7%.

It was the first time it closed below 10,000 since October 26, 2004 and saw its largest intra-day decline in history, according to Dow Jones Indexes. At its low, the index saw its lowest intra-day level since October 24, 2004.

The sell-off was also the 19th largest point decline in history.

The Dow has plunged 4209 points, or nearly 30%, from its record close of 14,164.53 hit on October 9, 2007. Year-to-date it is down 24.95% and is off 29.1% from 52 weeks ago.

Comments

[herbert hoover:]

You ain't seen nothing yet!

2008 Oct 07 09:04 AM

[daytrader:]

to the former president,mr. herbert hoover

your right

p.s. i love your name!

2008 Oct 07 11:44 AM

[Smarty_Pants:]

Blood, Sweat, and Tears predicted this a long time ago.


What goes up, must come down
Spinnin' wheel, got ta go round
Talkin' 'bout your troubles it's a cryin' sin
Ride a painted pony,
Let the spinnin' wheel spin

Ya got no money, and ya
Ya got no home
Spinnin' wheel all alone
Talkin' 'bout your troubles and ya
Ya never learn
Ride a painted pony,
Let the spinnin' wheel turn

Did ya find a directing sign
On the straight and narrow highway?
Would you mind a reflecting sign
Just let it shine, within your mind
And show you the colours that are real.

Someone is waitin' just for you
Spinnin' wheel spinnin' to
Drop all your troubles by the river side
Catch a painted pony
On the spinnin' wheel ride...huh

Someone's waitin' just for you
Spinnin' wheel's spinnin' true
Drop all your troubles by the river side
Ride a painted pony,
Let the spinnin' wheel fly.

2008 Oct 07 11:52 AM

[daytrader:]

smarty pants

truer words were never spoken

TOUCHE!!!

2008 Oct 07 01:58 PM