On Mon, 2008-09-29 at 14:29 -0700, Judd Pickell wrote:
> To be fair, it would take a couple thousand points of dropping before
> it reached the panic that happened in 87 when it dropped 22%. Now that
> was a crisis. Apparently the 700+ point drop that happened still only
> constituted a 7% drop. Definitely a very easy point to recover from if
> allowed to.
> http://en.wikipedia.org/wiki/New_York_Stock_Exchange#Events
>
----
that's true as long as you ignore the 2000+ points the DJIA has dropped the last year.
In reality, the DJIA is just an indicator/ a handle and is not actually
the real problem. The problem is people's jobs, the ability of companies
to make payroll, the lack of capital for construction and the general
economy itself.
Craig
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