Thursday, May 6, 2010

The DOW had the largest point drop EVER, however in percentage terms the move isn't that move compared to an event like the 1987 crash.

The 1000 point drop started at around 2:40PM. If you look various stocks, most stocks fell along with the DOW. Eventually the market was able to regain some of the 1000 point drop. I came back to my desk from a meeting and noticed that the markets were down more than 5% at around 3pm. I didn't realize until later that the drop was close to 1000 several minutes earlier.


The exact cause isn't quite know yet. An federal investigation is underway to identify the cause of the drop.


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