DOW: The 15 Worst Corrections

This from the folks over at Chart of the Day:

DOW corrections

Poor retail sales, doubts about GM’s viability, and a clarification by the Chinese government that they would not add to its current $585 billion stimulus plan as some had hoped yesterday all helped push the market down 4% on the day.

As a result of today’s decline, the Dow closed at a new bear market low.

The Dow is currently down 53.4% since peaking in October 2007.

To put the magnitude of the current correction in perspective, today’s chart illustrates the 15 worst corrections of the Dow since its inception in 1896. As today’s chart illustrates, the current Dow correction already ranks as the second worst on record. Only the correction that began in 1929 was worse.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: