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  • avanipgold avanipgold Nov 7, 2012 8:02 PM Flag

    the worst day after election market drop

     

    Reaction in 2008 was brutal:

    Nov 12, 2008 8,684.52 8,684.60 8,265.29 8,282.66 3,146,600 8,282.66
    Nov 11, 2008 8,864.32 8,867.91 8,560.71 8,693.96 2,572,700 8,693.96
    Nov 10, 2008 8,946.60 9,159.58 8,760.46 8,870.54 2,212,300 8,870.54
    Nov 7, 2008 8,696.03 8,961.57 8,696.03 8,943.81 2,463,000 8,943.81
    Nov 6, 2008 9,134.01 9,155.44 8,637.17 8,695.79 3,443,500 8,695.79
    Nov 5, 2008 9,616.60 9,616.60 9,111.47 9,139.27 2,646,400 9,139.27
    Nov 4, 2008 9,323.89 9,653.95 9,323.89 9,625.28 2,549,300 9,625.28

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    • The market was so bad in late 2008 that there was a decline five weeks earlier that saw the market lose almost TWICE as much as in the dates you show. From the close on 9/26/08 through the close on 10/10/08, the S & P lost almost 26% of its value in going from 1,212 to 899 in the aftermath of Congress failing to pass the original TARP bailout suggested by Treasury Secretary Paulsen.

      That market plunge was the worst two-week tumble since World War II with the sole exception of the Black Monday crash period in October 1987.

      Sentiment: Buy

 
PFE
34.555+0.125(+0.36%)3:41 PMEDT