{"id":39441,"date":"2018-10-20T10:50:13","date_gmt":"2018-10-20T15:50:13","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39441"},"modified":"2018-10-20T10:50:13","modified_gmt":"2018-10-20T15:50:13","slug":"a-day-of-carnage-in-the-trading-rooms","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39441","title":{"rendered":"A Day of Carnage in the Trading Rooms"},"content":{"rendered":"
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A Day of Carnage in the Trading Rooms<\/a><\/h3>\n<\/div>\n<\/div>\n
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\"The<\/span>Thirty one years ago today, on Oct. 19,1987<\/b>, the Dow Jones Industrial Average plunged 22.6%, its largest one-day percentage-point drop ever.<\/p>\n

You may have noticed that the financial media has started to highlight the point drops as opposed to the percentages. To say the Dow lost 500 points makes better news than saying it lost 2%. In percentage terms though this years recent plunges pale in comparison to what \u201ccould\u201d happen as we have seen in history.<\/p>\n

Here are five of the worst stock market crashes in U.S. history, based on daily percentage losses (source: ajc.com<\/a>):<\/p>\n

Oct. 19, 1987<\/strong><\/p>\n

Percentage change: -22.61 percent<\/p>\n

About: Known as\u00a0\u201cBlack Monday,\u201d this devastating crash began in Hong Kong, spread to Europe and then hit the U.S. hard.<\/p>\n

Oct. 28, 1929<\/strong><\/p>\n

Percentage change: -12.82 percent<\/p>\n

About the crash:\u00a0The Wall Street Crash of 1929, also known as the Great Crash or the Stock Market Crash of 1929 started on Oct. 24 and signaled the beginning of the 12-year Great Depression. Black Monday, the fourth and worst day of the crash, saw a drop of 12.82 percent.<\/p>\n

Dec. 18, 1899<\/strong><\/p>\n

Percentage change: -11.99 percent<\/p>\n

About the crash: During the Panic of 1896, the U.S. experienced an acute economic depression caused by a drop in silver reserves and deflation.<\/p>\n

Oct. 29, 1929<\/strong><\/p>\n

Percentage change: -11.73<\/p>\n

About the crash:\u00a0\u00a0Black Tuesday was the fifth day of the the Wall Street Crash of 1929, also known as the Great Crash or the Stock Market Crash of 1929 that started on Oct. 24 and signaled the beginning of the 12-year Great Depression.<\/p>\n

Nov. 6, 1929<\/strong><\/p>\n

Percentage change: -9.92<\/p>\n

About the crash:\u00a0Just a week after the height of the 1929 Stock Market Crash, investors saw another dip.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A Day of Carnage in the Trading Rooms Thirty one years ago today, on Oct. 19,1987, the Dow Jones Industrial Average plunged 22.6%, its largest one-day percentage-point drop ever. You may have noticed that the financial media has started to highlight the point drops as opposed to the percentages. To say the Dow lost 500 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[13166,8405,2500,1138,2731,21199],"class_list":["post-39441","post","type-post","status-publish","format-standard","hentry","category-economics","tag-13166","tag-black-monday","tag-history","tag-stock-market","tag-stock-market-crash","tag-the-hutch-report"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39441"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39441\/revisions"}],"predecessor-version":[{"id":39442,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39441\/revisions\/39442"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}