Check out what is happening around the globe before the U.S. markets open s on Tuesday, January 22nd: http://online.wsj.com/article/SB120090324523304271.html?mod=hps_us_whats_news In most cases, such a drop typically leads to a similar drop in the U.S. markets.
Though we are seeing a drop in the U.S. markets recently, as indicated by the level of the S&P 500 in the graph below, the levels of the markets are not close to the levels that su
cceeded the burst of the Internet bubble & post-9/11 period. The market would have to lose close to 31% of its value for it to reach the lows in 2003.
cceeded the burst of the Internet bubble & post-9/11 period. The market would have to lose close to 31% of its value for it to reach the lows in 2003.To put this in perspective, in the market crash of 1987 the market was off around 37% from its market high, and in the market crash of 1929, the market was off close to 40% from its high.
Source of data: Yahoo! Finance
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