by Calculated Risk on 2/10/2009 03:56:00 PM
Tuesday, February 10, 2009
Cliff Diving: U.S. Stocks
Update: This graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears". There is much more at the site.
Click on graph for updated image in new window.
Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.
Investors didn't think much of Secretary Geithner's outline of a bailout (we can't really call it a plan).
DOW off 386 points or so ...
S&P 500 off 43 points (almost 5%)
NASDAQ off 67 points (about 4%)
Another day of Cliff Diving.