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2008 Could End Up Being Worst Year Ever For Wall Street


First Posted: 12-26-08 10:21 PM   |   Updated: 01-26-09 05:12 AM

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Wall Street

Reuters:

As the stock market heads into the last week of the year, what was inconceivable just 12 months ago is now a stark possibility: 2008 could be the worst year ever for Wall Street.

The market's most tracked benchmark, the S&P 500, is down 40.6 percent since last year's close with only three trading days left in 2008. Given the market's hair-trigger volatility this year, that's just one bad day away from surpassing 1931's 47.1 percent drop, the biggest yearly decline ever.

Read the whole story: Reuters

Filed by Nick Sabloff  |  Report Corrections