- On Tuesday, October 20, 1987, the Washington Post had an article titled: “Stock Market Suffers Largest Loss in History as Dow Industrial Average Drops 508 Points”
- On September 17, 2001, the stock market went down 684.81 points. (This was the first day of trading since 9/11)
- On Monday September 29, 2008, the Dow dropped 777.68 points.
- The loss in 2008 seems like a lot more than in 1987 but percentage-wise it’s a lot less.
“The drop of 6.98 percent [9/29/08 drop] only ranks as the 17th largest percentage drop. The record in percentage terms was the 508 point drop from 2247 to 1739 on October 19, 1987 – aka Black Monday – which was equal to 22.6 percent.” (Sources: askville.com)
- Today there was the biggest gain in the Dow in history: 936 points.
Yesterday my pastor gave a sermon about what to do in a crisis like we are going through with the economy. It was probably the best and most grounded thing I have heard lately. Basically, I think we need to stop worrying so much and rely on God. I don’t think this is a problem that is going to be fixed easily or quickly, but can anyone really tell? It’s not up to me or you or the President, whoever he might be. God is in control.
Some things that Brian said yesterday really stuck with me:
1) When the world says, “The sky is falling. Really! The sky is falling!” God says, “Take heart! Come to me!”
2) The situation is grave, but God is bigger than that.
3) Are we going to live in fear, or are we going to live in trust?