The stock market is on a roller coaster as we speak, and with all the volatility right now it's poised to keep on dropping. But the market is always a roller coaster and we're not at Kingda Ka yet.
Here are 10 times the stock market was on a bigger ride than it is now.
1
October 19, 1987: Black Monday
In the largest single-day stock market crash in history, the S&P 500 dropped over 20% points thanks to a combination of computer-driven trading, portfolio insurance sells, and bull market correction.
2
October 26, 1987
The market fell over another 8% just one week later.
3
September 29, 2008: The Great Recession
From September through December in 2008, the S&P 500 dropped almost 30%. Hopefully you remember why, but in short, a housing market collapse toppled everything else.
4
Early 1950s: Post-World War II Expansion
Thanks to World War II industry and strong optimism for the future, markets soared in the years after the late ‘40s.
5
October 28, 1929: Black Tuesday
Triggering the start of the economic downturn of the 1930s, the Dow Jones Industrial dropped 12.8%. With banks having borrowed money to buy stocks, there was no cash left to fund rampant bank runs around the country.
6
October 29, 1929
The next day things fell another 11.7%.
7
The 2010s: Post-Financial Crisis Recovery
In an extended period of continuous market growth spurred on by big tech, the S&P 500 gained over 400%.
8
March 16, 2020: Covid Crash
Thanks to the Covid-19 global pandemic and stay-at-home orders, the market crashed around 12 points on March 16th. The market was already down around 10 points from March 6th.
9
March 6, 2020
The market was already down around 10 points from March 6th. Everyone knew Covid was coming.
10
1990s: The Roaring ‘90s
Thanks to the dawn of the internet age, the market grew over 400% during the 1990s.
