Stocks Plunge 634 Points 6th Worst Dow Day On Record

  • August 9, 2011
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Stocks Plunge 634 Points 6th Worst Dow Day On Record

The Dow plunged 634 points today making this the 6th worst day on record. Here are the 10 worst days on record.

10. August 4, 2011: -513 Points

9. October 22, 2008: -514 Points

8. October 27, 1997: -554 Points

7. August 8, 2011: -634 Points

6. April 14, 2000: -618 Points

5. October 9, 2008: -679 Points

4. December 1, 2008: -680 Points

3. September 17, 2001: -685 Points

2. October 15, 2008: -733 Points

1. September 29, 2008 -778 Points

Moral of the story… for the past 20 years investing in the stock market has been one of the worst ideas ever almost as bad as investing in real estate. The gold nuts were right. If you invested in gold over the same period you would have been better off. Seems like in real estate, stocks, and most likely gold market timing is everything. Buy and hold strategy has been proven wrong.

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