Well, as much as the Dow tried to only give up a modest amount today, in the end, it was bad. This morning I'd noticed that the world markets gave up between 4-5% overnight, and while the Dow tried to hold at around -250 or -350, it ended up closing down 504, which is minus 4.42%
Ouch. This week will get uglier, various banks are reporting earnings.
http://www.bloomberg.com/markets/stocks/wei.html
To clarify, the loss today was bad (6th worse ever in total points), it's not too bad, in the sense that it doesn't make the top 20 list of all time losses on a % basis. The dotcom bubble burst had worse days. First day of trading post September 11th was worse. It's not all bad...
http://www.mdleasing.com/djia-losses.htm
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