Monday, March 2, 2009

Some Happy News

From New Deal Democrat over at Economist Populist:

The DJIA fell to 6825 this morning. That means that the Oct. 2007 - present bear market is the 2nd worst in 138 years.

The second worst, until today, was the loss of 51.51% from the market's 1937 high of 194.14 to 94.13. When the DJIA fell below 6833, we surpassed that percentage loss.

The worst, obviously, was the 1929-32 contraction of almost 90%.

And the hits just keep coming....