Monday, August 10, 2015

Welcome to 2008: Dow drops more than 1000 points from its all-time highs

Early this morning, the Dow reached an interesting number as the market has now fallen over 1000 points from its all-time highs reached in May of this year.  And while this decline represents only a 5% drop in the market over the past three months, it is eerily similar to what took place just eight years ago when a 1000 point drop from the previous all-time high led to a stock market crash the very next year, and ushered in a liquidity and credit crisis that we have yet to fully recover from.
From 18,351.36 on May 19th, The Dow (cash) is now at 17,345… -Zerohedge

Graph courtesy of Zeorhedge

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