DJIA Seventh Largest Point Decline
Today's 416 point decline in the DJIA represents the seventh largest point decline in its history. It also ends a streak of 1098 trading days without top ten point gain or loss, which is the fourth longest stretch since 1920. In other words, since October 2002, there has not been a one day point change in the Dow that qualified as one of the ten largest up days or ten largest down days.
While we realize that it is certainly more practical to compare percent changes over point changes, it is still interesting to note that since the early days of the bull market in 2002, today was the first up or down "big day".
Be nice to see the top ten percentage drops for the DJIA as well. Maybe you can update the post with that list? Thanks.
Posted by: C. Maoxian | February 27, 2007 at 10:58 PM