2008 Could End Up Being Worst Year Ever For 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

Comments

[ExRepublican]

Many libs are playing with #'s. Big mistake. Big mistake, IF they use facts to guide them.

Try this one on for size.

NDX (100 largest tech stocks) - 4800, late March 2000

NDX - 1340'ish April 2001.

Who was prez during that time - most of that time? Are we going to blame him?

[Weathermaker]

Not everyone had a lobotomy in the last decade. No matter how you cut it, people are waaaaaaay worst off after 8 years of Bush than after 8 years of Clinton. And trying to argue otherwise just shows how narrow minded politically entrenched tr00ls really are.

[rich misty]

The Clinton economy was a dream come true for many in the middle class who are now homeless

[TJCole]

"So..?"