I see where you are coming from, but I don't necessarily agree. Those "points" are millions of dollars. Percentage of the whole is important, but the total dollar amount lost is also tres important.
In 1927, a much smaller part of the overall economy was listed in the market. Even 1987 had less public companies listed. The vast majority of companies were private, and not listed. Now, with more public companies, and with more small investors having a stake in the market, those losses in points are felt in a wider swath of the economy. I think. On Tue, Sep 30, 2008 at 3:20 PM, Cameron Childress <[EMAIL PROTECTED]>wrote: > On Tue, Sep 30, 2008 at 1:50 PM, Jerry Johnson <[EMAIL PROTECTED]> wrote: > > > Nice! Bush has 6 of the top 10 biggest point drops in history. > > > > There are still 4 months to get a few more of those last remaining 4. > > > > (Clinton has 3, Reagan has 1) > > > Yes, this makes total sense, since Bush is most recently in office, then > Clinton, then Reagan. ...and the next president, whoever that is, will > probably push some of those out and take the lead. Because the market gets > bigger and so do gains / losses when measured in points. > > Percentages matter more. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271636 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
