Dow plunges more than 660 to fall below 9,000

[ralph wiggum]

Now the Dow is up about 100 points for the day and still heading upward.

[LogansPapa]

Stocks end wild session mixed after 8-day slide

Friday October 10, 4:28 pm ET
By Tim Paradis, AP Business Writer

Wall Street ends mixed after 8 days of massive losses; Dow swings over 1,000 pts

NEW YORK (AP) -- Wall Street capped its worst week ever with a wild session Friday that left stocks with a widely mixed finish. Late-day buying helped curb steep losses and gave the market its best showing of the week as investors snapped up bargains among stocks devastated by seven days of massive losses.

The Nasdaq composite index finished with a modest gain, while the Dow Jones industrials lost 128 points, a relatively mild drop after the blue chips fell 2,271 during the previous eight trading days. Still, the Dow, which traded in a range of 1,019 points Friday, had its worst week ever, as did the Standard & Poor's 500 index.

The hair-trigger mentality of the market was evident from the opening bell. The Dow fell 696 points in the first 15 minutes, recovered to an advance of more than 100 before the first hour was over, then turned sharply lower again before moving in swings of hundreds of points at the day's end.

http://biz.yahoo.com/ap/081010/wall_street.html

[MrsSmith]

I'm glad I won't be retiring for twenty years or so...but kinda wish I had money to buy while everything is bottomed out. ;)

[MrsSmith]

All Time - Historical

Greatest DJIA Daily % Losses

Rank Date Close # Drop Percentage Drop
1 12/12/1914 54.00 17.42 24.39%
2 10/19/1987 1,738.74 508.00 22.61%
3 10/28/1929 260.64 38.33 12.82%
4 10/29/1929 230.07 30.57 11.73%
5 11/6/1929 232.13 25.55 9.92%

Greatest DJIA Daily Point Losses

Rank Date Close Net Chg % Chg

1 9/29/2008 10,365.45 -777.68 -6.98
2 9/17/2001 8,920.70 -684.81 -7.13
3 4/14/2000 10,305.78 -617.77 -5.66
4 10/27/1997 7,161.14 -554.26 -7.18
5 8/31/1998 7,539.06 -512.62 -6.37

http://www.foxnews.com/story/0,2933,436025,00.html

Maybe the reports of the demise of the US are somewhat premature?