What was the Worst Day for the Markets?

The worst day for the markets, in terms of the largest single-day point loss by the Dow Jones Industrial Average, was September 29th, 2008.

It happened when the Dow lost 777.68 points in response to the House’s rejection of the proposed bank bailout plan.

On October 19th, 1987, however, the Dow dropped 22.61% (508 points) in response to a global domino effect of crashing markets. This is the largest single-day percentage drop to date.

Should I Buy the Same Companies Warren Buffett is Buying?
What was the "Flash Crash"?

Keywords: market statistics, market performance, risk tolerance, volatility,

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What is currency depreciation?

Currencies that have depreciated are said to be “weaker” than others. It can depreciate in relation to other benchmarks

What is an Income Statement?

An income statement is a business’s financial statement that gives the income results from operations and non-operations

Do I Need a more Specialized Financial Advisor?

Some advisors have practices that focus on specific types of investments or niche markets

How often should I call my financial advisor?

While a client should be involved in communication efforts as well, it’s really the advisor that should be reaching...

What is a Sole Proprietorship?

Sole proprietorships are businesses owned by a single person. The owner assumes all legal and financial responsibility

Why Do You Want to Own the Shares of a Publicly Traded Corporation?

The simplest answer is: to make money! Owning shares of a company’s stock is known as taking a long position

What do I need to know about investing in FOREX?

Forex trading can be profitable but it can also be risky. The daily volume of FOREX is about 3 trillion dollars

What is a Charitable Remainder Unitrust (CRUT)?

A Charitable Remainder Unitrust (CRUT) is an irrevocable trust that donates a fixed percent to a charitable organization

What are SPDRs?

SPDRs (Spiders) are index ETF shares that track the S&P 500, or could refer to other similar ETFs tracking other indices

What is Euro LIBOR?

The primary benchmark for short-term interbank loans around the world is the LIBOR, and Euro Libor is denominated in Euros