example… DECLINES/
On October 19, 1987, the Dow fell 508 points, losing 22% of its value in one day—costing investors trillions of dollars. Back then, just as now, the stock market had climbed to excessive levels; as earnings were trending lower, stocks continued to climb, and investors ignored the warning signs.
On April 14, 2000, the Dow fell 617 points (5%). Known as “The Tech Wreck,” the market’s decline was sparked by a move by the Federal Reserve to implement rate hikes just like we are seeing now.
On October 15, 2008, the Dow fell 733 points, losing nearly 8% of its value in one day. The collapse was caused by weak sales reports and negative Fed forecasts, coupled with an ominous warning from Fed Chairman Ben Bernanke that growth was slowing.
On September 29, 2009, the Dow fell 777 points, losing nearly 7% of its value in one day. The sell-off was triggered when the House of Representatives defeated a $700 billion emergency rescue for the nation’s financial system—culminating in one of the biggest financial meltdowns in history.
During the week of August 12-18, 2015, the Dow Jones fell 1,300 points amid global fears of China’s economic slowdown—wiping out all the gains made in 2015 and taking $10 trillion from the global markets.
