Monday, September 29, 2008

Dow Plunges..more like Nose Dives

Not sure what to make out from today's disaster, I couldn’t help but bloody blog about this.

All I have to say is Wohhhh.

Not sure if the woh is for woh this is freaking horrible or woh this is unbelievable or woh what a time to buy, but the way I see it today is woh so many of us are so fuked.

I was just thinking of all the recessions & stock market crashes that I have witnessed in the years of my stay in the U.S

Here is a snapshot of all the top 10 dow jones declines:



Adding todays decline to the list, I've seen 8 of the top 11 declines..
Sept 29th 2008 -777 points

The Dot-com bubble crash wiped out $5 trillion in market value of technology companies from March 2000 to October 2002

But overly optimistic that I am, I also goggled this: In percentage terms, it was only the 17th-biggest decline for the Dow, far less severe than the 20+ % drops seen on Black Monday in 1987 and before the Great Depression. Now that’s what I call the Mother of all crashes, the Mecca of all burn downs & the boyaah of all WOHSSSSSSSSSS!!

Thats its from me, my thoughts & some soul searching, Uvidíme se zítra ( See you tomorrow in Czech)

Share your comments

3 comments:

Unknown said...

yo ...buddy there is more to come !!...just keep your seat belts fastened ..!!

Unknown said...

This is just the beggining of the end ...!!

Satyen Chokshi said...

I am sure there is more to come, I read there are a 1000 more small and mid size banks thats going down the tubes..