777 point drop, 1000 point swing, 936 point rally.

October 14th, 2008

The past few weeks has been nothing short of stunning. History in the making. The title sums it up, 15 days ago we witnessed the single biggest point decline in the Dow when the House failed to pass the “Bailout Bill”. 4 days ago the market sank to the depths before staging a rally, making the first 1000 point intra-day swing. Yesterday we had the incredible 936 point rally.

The Y-axis of our stock and index charts on our websites were stretched to previously unseen limits. Luckily all of our charts scaled properly, and nothing went “off the charts”

Economists and so called experts said a few weeks ago the marketed will decline the high 7000s before a rebound, and it only took a few mind boggling crashes to hit the 7800 mark. Then came word that we’ll see a near 1000 point upswing in the DJIA before the end of November, we had that just a few trading days into October. Everything is happening so quickly. Does that mean we have rushed to the end of the crisis? Only time will tell.

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