Nasdaq continues to suck

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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 <gerald@impressive.net>
http://impressive.net/people/gerald/

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