On Wednesday, the Dow Jones Industrial Average was down a whopping 800 points. Not only was that the worst day of 2019, but as you will see below, there have only been three days in U.S. history that have been worse. An inversion of the yield curve sent investors into panic mode, and the selling was fast and furious. And of course back on August 5th we witnessed a 767 point decline. So this is now the second historic decline that we have seen so far this month, and the month is only about half over. Could it be possible that we are on the verge of a major stock market meltdown?
An 800 point drop is definitely rare. According to CNN, the following were the 10 largest single day point declines for the Dow Jones Industrial Average prior to Wednesday…
02/05/2018 … -1,175.21
02/08/2018 … -1,032.89
10/10/2018 … -831.83