Third Biggest Weekly DJIA Drop In History

Submitted by Tyler Durden
09/22/2011 15:13 -0400
Comments: 164 / Reads: 11,340

A dearth of knife-catchers and bottom-callers suggests that our views on a broad swathe of investors being caught unhedged and offside by Bernanke's relative inaction was correct. http://www.zerohedge.com/news/sp-option ... e-downside By the look of today's huge selloff, investors will become increasingly aware of our recent post on the difference (risks) between owning stocks and bonds. http://www.zerohedge.com/news/why-every ... oves-bonds The equity market remains a market in chaos as the following charts show. We can only assume they must be extremely good at discounting whatever it is that talking-heads believe on a tick-by-tick basis - just look at the flip-flopping in the last two months (and in 2008/09).

Daily Changes in the DJIA:



And weekly changes in the Dow - this last week is almost a 4 standard deviation move and third largest ever (with 9/11/01 and 10/03/08 the only two larger in absolute size!).



Chart: Bloomberg

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