Unlucky Sevens: Bespoke on the 1 Year Anniversary

Posted by

soure: Bespoke Investment Group

source: Bespoke Investment Group

One year ago today, the world looked and felt like it was coming to an end on Wall Street.  The Dow dropped 777 points which was actually a larger point drop than the day the market reopened after the 9/11 attacks.

Bespoke Investment Group does a great job reminding us of what was going on that day:

What everyone thought wouldn’t happen did.  At the end of the day, the major averages finished down more than 7%, and the DJIA had its largest point decline in history with a loss of 777 points.  Nearly 200 of these points came in the minutes after the close as the crush of last minute sell orders were delayed in hitting the tape.

Also in the post is a pretty concise narrative of each mind-boggling event that led up to this sell-off as well as a graph showing where it ranks percentage-wise against other Dow Jones nosedives throughout history.

Get over there to reminisce about the bad old days.

 Source:

9/29/2008 (BIG)

Tags: , , , , ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. scotiabank online banking commented on Jan 10

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2009/09/29/unlucky-sevens-bespoke-on-the-1-year-anniversary/ […]

  2. Philips 700233016 manuals commented on Jan 19

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2009/09/29/unlucky-sevens-bespoke-on-the-1-year-anniversary/ […]

  3. buy cvv commented on Jan 26

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2009/09/29/unlucky-sevens-bespoke-on-the-1-year-anniversary/ […]

HowIInvestMyMoney