Gray Monday?
We’ve known some pretty bad days in the stock market lately, but today the S&P 500, the broadest indicator of U.S. stocks, dove 8.8 percent — its biggest drop since 1987’s infamous Black Monday. For comparison, on that day the S&P dipped 20.4 percent, the biggest on record. We have a good runner-up today, though. ...
We’ve known some pretty bad days in the stock market lately, but today the S&P 500, the broadest indicator of U.S. stocks, dove 8.8 percent — its biggest drop since 1987’s infamous Black Monday. For comparison, on that day the S&P dipped 20.4 percent, the biggest on record. We have a good runner-up today, though. Whether or not the bill would put us on a “slippery slope towards socialism,” our well-intentioned congressmen who voted against the bailout sure aren’t winning any brownie points yet — at least not where the markets are concerned.
Jerome Chen is a researcher at Foreign Policy.
