Last week was painful (especially Mon-Tues), and just when things
are starting to improve... whammo! second-largest point drop ever.
I'm down 40% from a recent high on March 9. Ouch...
Each of the Nasdaq's top ten point drops have taken place this
year some time, and 7 of the top 10 have been within the last
month. (!)
http://biz.yahoo.com/rf/000410/0j.html
> Monday April 10, 4:16 pm Eastern Time
>
> FACTBOX - Largest Nasdaq composite declines
>
> NEW YORK, April 10 (Reuters) - The Nasdaq composite index
> (^IXIC - news) tumbled more than 258 points on Monday, the
> second largest point decline in its nearly 30-year history.
> The composite finished at 4188.21, off 258.24 points.
>
> In percentage terms, the 5.81 percent decline is the eighth
> largest in the market's history.
>
> The following are the biggest declines in the composite index,
> according to Nasdaq.
>
> TOP TEN LARGEST POINT DECREASES
>
> Date Point Change
> 04/03/00 -349.15
> 04/10/00 -258.24
> 01/04/00 -229.46
> 03/14/00 -200.61
> 03/29/00 -189.22
> 03/20/00 -188.13
> 03/30/00 -186.78
> 01/28/00 -152.49
> 01/06/00 -150.41
> 03/13/00 -141.38
>
> TOP TEN LARGEST PERCENT DECREASES
>
> Date Percent Change
> 10/19/87 -11.35
> 10/20/87 -9.00
> 10/26/87 -9.00
> 08/31/98 -8.56
> 04/03/00 -7.64
> 10/27/97 -7.02
> 03/27/80 -6.15
> 04/10/00 -5.81
> 04/19/99 -5.57
> 01/04/00 -5.55
--
Gerald Oskoboiny <
[email protected]>
http://impressive.net/people/gerald/