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Saturday, October 11, 2008

Black October

Somehow, September's -6% DJIA return looks solid. Per Bespoke Investment Group:

This week's current decline of 20.8% ranks second as the worst Monday to Friday change for the Dow since 1900... the only week that saw a bigger decline ended on December 14, 1914. We've all heard of Black Monday when markets crashed in 1929 and 1987, but this is truly turning out to be Black October. It's now October 10th, and the market has declined 25% this month without a single up day.