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This journal discusses photography in all its guises with an emphasis on the art of making photographs.
You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “1929 Redux”.
Posted in Photography
Very good read. I’m not positive but I think yesterday was the Dow’s largest Point decline not percentage decline. Then again, I’m a knucklehead.
You are correct, Tom, the error is mine. Thanks for pointing that out.
From the WSJ today:
“The Dow Jones Industrial Average’s plunge of 777.68 points Monday represented a 7% decline in the index, far from a record in percentage terms. But there is some confusion about which trading session did set the record for percentage decline.
Several sources point to December 12, 1914, when the New York Stock Exchange reopened after a four-and-a-half-month closure at the outset of World War I. Historical data show that the industrials closed at 54 that day, after having closed at 71.42 on July 30, the previous session. That’s a percentage decline of 24.39%, greater than runner-up Black Monday’s 22.61% in 1987.”