NewsBeat
Here we go again…can markets take the latest turmoil in their stride?
There have been other very sharp declines in stock market prices, but most of them have taken longer to shed their valuation. In 2002 the DJIA shed 27%, with FTSE easing by 23%. These losses were due largely to the ‘fall out’ from ‘9/11’ terrorist attacks in September of the previous year. Then came the banking crises of 2008/9. The DJIA lost 18.2% of its value between 6th and 10th October 2008. It hit a market low of 6,469.95 on March 6, 2009, having lost over 54% of its value since the 9th October, a 2007 high. The FTSE also experienced a torrid time, shedding 18.2% in value in 2008.