2007-02-28 06:21:49 · 5 answers · asked by heythere 1 in Business & Finance ➔ Investing
Oct 19, 1929 the market as measured by the Dow Jones Industrial average dropped 22.6%.
Oct 6, 1931 the market as measured again by the Dow Jones average gained 14.9%, the largest one day gain.
On Dec 12, 1914 it dropped 24.4%. The statistic is of somewhat dubious value. The Dow at the time consisted of only 12 stocks, I believe.
On Oct 19, 1987 it dropped 22.7%
2007-02-28 06:35:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The biggest one-day drop on the Dow happened on December 12, 1914, when the index fell 24.4%. The second biggest drop was October 19, 1987 (22.6%).
The important thing to remember is that, as long as you're in the market for the long haul (5-10 years or more), a market drop is GOOD news, because that means any $$ you invest now (401(k) contributions, etc.) is buying MORE shares. Think of it as a sale, since the market WILL bounce back. In '87, it took less than two years to gain back all of those losses.
2007-02-28 06:43:54 · answer #2 · answered by El Guapo 7 · 1⤊ 0⤋
I am just guessing, cause I was buying like a fiend afterward but Oct 1987, the 19th I think "black monday"
23% drop in one day.
Which I think is bigger than any one day drop in the dow going back to the crash of 29.
2007-02-28 06:29:20 · answer #3 · answered by zaphodsclone 7 · 0⤊ 0⤋
Oct 19th 1987 ....market lost 22% in one day
(Yikes, we are coming up to the 20th anniversary too ! )
2007-02-28 06:26:53 · answer #4 · answered by Anonymous · 1⤊ 0⤋
1987 22% -500
1997 8% -500
2007 3% -400
What a couincidence?!
2007-02-28 06:38:30 · answer #5 · answered by dkwr14 3 · 1⤊ 0⤋