Thursday, November 20, 2008

Worst Crash Since Great Depression

Sadly, this isn't even Our Humble Opinion. It's numerical fact.

The Dow industrials fell 445 points, or 5.6%, to 7552.29 amid another selloff in financial stocks. Citi shares lost 26% and J.P. Morgan Chase dropped 19%. - WSJ

See David Leonhardt's "Stocks and Earnings Racing to the Bottom" - NYT

(And UVIMCO is really thinking of selling off public equity or shares in hedges? What? Probably not any more....)

"Worst Crash" graph is courtesy CalculatedRISK.

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