This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History

The Economic Collapse ^ | 08/21/15 | Michael Snyder

[Enlightened1]

This 888 point crash comes in the 8th month of our calendar

We witnessed something truly historic happen on Friday.

The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history. It is also interesting to note that this 888 point crash comes in the 8th month of our calendar. Perhaps that is just a coincidence, and perhaps it is not. It just struck me as being noteworthy. This is the first time that the Dow has dropped by more than 300 points on two consecutive days since November 2008, and we all remember what was happening back then. Overall, this was the worst week for the Dow in four years, and there have only been five other months throughout history when the Dow has fallen by more than a thousand points (the most recent being October 2008). Of course we still have six more trading days left in August, so there is plenty of time remaining for even more carnage.

By itself, the 530 point plunge on Friday was the ninth worst stock market crash in all of U.S. history. The following list of the top eight comes from Wikipedia…

#1 2008-09-29 −777.68

#2 2008-10-15 −733.08

#3 2001-09-17 −684.81

#4 2008-12-01 −679.95

#5 2008-10-09 −678.91

#6 2011-08-08 −634.76

#7 2000-04-14 −617.77

#8 1997-10-27 −554.26

Another very interesting thing to note is that the largest stock market crash in U.S. history took place on the very last day of the Shemitah year of 2008...

[PGalt]

Thanks for posting. Interestiing

[SaveFerris]

Yes, they consider it “luck” - the 8’s.

A ping to SkyPilot for other reasons.

[Lib-Lickers 2]

not at all glad to do it for a fellow freeper

here is another one that went up Friday and over 15% in the last week or so

they are selling the hell out of the small oxygen making systems to the general public.. bout doubled last years 2nd quarter sales and up 81% revenue

INOGEN INC
— Friday’s close up- $0.56 1.13%

[SaveFerris]

I don’t know of anything like that - on a scale of base 6, interval of 6, assigning progressive increments to the English alphabet, “Jesus” comes out as 444 total. But then so does “Lucifer” though I’d make him negative - :).

I’ll let you calculate “computer”.

A=6
B=12
C=18
etc.

Can’t prove that this actually means anything, though, so fwiw.

To make this officially tinfoil, I’ll ping nully. /adjusts hat

[Vermont Lt]

Yeah, but as a % it wasn’t THAT big. The drops have to be normalized to make comparisons.

Three digit moves (up or down) are not that uncommon now.

[Moonman62]

This article compares downturns by the points lost, not by the category that really counts — the percentage drop. And it compares a two-day drop with massive one-day declines.

...

True, but such nonsense creates blog clicks, which is what really matters.

[P-Marlowe]

It is also interesting to note that this 888 point crash comes in the 8th month of our calendar.

And if you add 2+0+1+5 = 8

[LS]

Time to invoke “Rev. FarrKhan” and his Million Man Math Made Easy with the number 19.

[mannmama]

I’m less than educated about the stock market and how it affects the rest of our finances. I don’t own any, and my hubby just started investing for retirement by doing a 3% match at work. If the stock market tanks, what does it mean for prices in retail, gas, utilities? Or does it do anything?

[SampleMan]

Something that I haven’t heard anyone talk about is the effect of the sovereign fund sell offs. In their bid to drive oil down and the U.S. out, countries like Saudi Arabia are using their sovereign funds to pay the difference between oil sales and outlays, which has become larger and larger. They will have to keep selling, no matter what the market does.

[randita]

I don’t mean to be alarmist or to induce panic, but someone needs to tell the public that there is a plausible scenario in which the U.S. stock market now collapses by another 70% until the Dow Jones Industrial Average falls to about 5,000.

I read this everywhere in 2008. Instead, look what happened.

[palmer]

Agree 100%, this is an article written by someone trying to impress those uninformed.

That's nothing. I am in thirteen thousand points of agreement!

[randita]

And if you add 2+0+1+5 = 8

I see you've mastered Calypso Louie's math.

[9YearLurker]

Completely irrelevant, the market was a fraction of the level it is now. What matters is % of the market decline.

[Nervous Tick]

>> In short, not a very helpful or sophisticated analysis.

I’m shocked to find such an unsophisticated one-sided analysis on a site named “Economic Collapse”. :-)

[SunkenCiv]

This isn't a patch to either the 1987 crash or the 1928 crash (which is mostly beyond living memory). The comparison, to be valid, would not be in points on the Dow but on percentage of market cap lost.

[P.O.E.]

[chicagolady]

LOL!!

[wbill]

My unsolicited $0.02?

The market goes up, and the market goes down. Over the long haul - which is what you should be thinking about - it always goes up.

There are plenty of FReepers who have been predicting doom and gloom for the past ...... Well, forever. Plenty of pundits doing the same. Meanwhile, the market more than doubled off its lows in 2008-09. So, when there is a minor setback, all the doom and gloomers will jump up and down, and point, and say. “See! See! I TOLD you!”

Buy good companies, diversify, and plan for the long haul. Things will be fine. If anything, a setback like this is a good buying opportunity.

[Pearls Before Swine]

Dramatic BS. What matters is percentage change, not “Dow Points.”

The market dropped something like 700 points in 1987, but it was a 27% decline, because the index was at roughly 2500.

We had a 2 day decline of 5 o 6 percent last week.

There may be more to come, but that’s not what the article is about.