The Industry Standard - 10% single-day drop in Dow Jones Industrial Average by end of 2008? - Comments http://www.theindustrystandard.com/predictions/suggestions/10-drop-dow-jones-industrial-average-end-2008 Comments for "10% single-day drop in Dow Jones Industrial Average by end of 2008?" en 10% single-day drop in Dow Jones Industrial Average by end of 2008? http://www.theindustrystandard.com/predictions/suggestions/10-drop-dow-jones-industrial-average-end-2008 <p><!--paging_filter-->Black October struck again and the global economy is in a crisis of historical proportion. The week of October 6 to October 10 presents the worst week ever in the equity market worldwide. An 18% drop in DJIA, a 24% drop in Nikkei 225, and a 21% drop in FTSE 100. DJIA has also experienced large daily losses in the past few weeks.<br /> <table border="1"> <tbody> <tr> <td>Rank</td> <td>Date</td> <td>Close</td> <td>Net Change</td> <td>% Change</td> </tr> <tr> <td>1</td> <td>1987-10-19</td> <td>1,738.74</td> <td>-508.00</td> <td>-22.61</td> </tr> <tr> <td>2</td> <td>1929-10-28</td> <td>260.64</td> <td>-38.33</td> <td>-12.82</td> </tr> <tr> <td>3</td> <td>1929-10-29</td> <td>230.07</td> <td>-30.57</td> <td>-11.73</td> </tr> <tr> <td>4</td> <td>1929-11-06</td> <td>232.13</td> <td>-25.55</td> <td>-9.92</td> </tr> <tr> <td>5</td> <td>1899-12-18 </td> <td>58.27</td> <td>-5.57</td> <td>-8.72</td> </tr> <tr> <td>6</td> <td>1932-08-12 </td> <td>63.11</td> <td>-5.79</td> <td>-8.40</td> </tr> <tr> <td>7</td> <td>1907-03-14 </td> <td>76.23</td> <td>-6.89</td> <td>-8.29</td> </tr> <tr> <td>8</td> <td>1987-10-26</td> <td>1,793.93</td> <td>-156.83</td> <td>-8.04</td> </tr> <tr> <td>9</td> <td>1933-07-21</td> <td>88.71</td> <td>-7.55</td> <td>-7.84</td> </tr> <tr> <td>10</td> <td>1937-10-18</td> <td>125.73</td> <td>-10.57</td> <td>-7.75</td> </tr> </tbody> </table> <p> PREDICTION: At least a 10% single-day drop in Dow Jones Industrial Average between October 10 and end of 2008. Reference article: <a href="http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average" title="http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average" rel="nofollow">http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jo...</a></p> http://www.theindustrystandard.com/predictions/suggestions/10-drop-dow-jones-industrial-average-end-2008#comments Business &amp; Finance dow jones economy stock market Fri, 10 Oct 2008 22:35:41 -0700 David Kuan 119790 at http://www.theindustrystandard.com