Stock markets around the world took a real beating today, continuing the dive yesterday.
The Dow Jones Industrial Average (DJIA) doubled in just a decade from 7,022 on 13 February 1997 to a peak of 14,164 on 9 October 2007. It was a Golden Decade of continuous growth in share values and economic prosperity. But, in the 13 months since last October, virtually all this growth has evaporated & we are almost back to where we started in 1997. Today the DJIA slumped to 7552. Truly a decade of Boom to Bust
This stock market crash already ranks as the 5th worst crash of all time. Another fall like today & we are close to Number 2 territory, in both senses of the phrase!
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