Huffpost Business

2008 Could End Up Being Worst Year Ever For Wall Street

Posted: Updated:

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 at Reuters