Thursday, January 1, 2009
Dow performance 2008
To put this year's performance in perspective, this chart illustrates the 15 worst calendar year performances of the Dow since its inception in 1896. As today's chart illustrates, the Dow's performance in 2008 ranks as the third worst on record. Only 1931 and 1907 endured greater declines. It is of interest that major banking crises occurred in 1931, 1907, 2008, and 1930 – the four worst calendar years on record in terms of stock market performance.
The Nasdaq Composite had its worst year ever in 2008, while the S&P 500 Index had its third worst year ever.
Here is the yearly performance for 2008.
Dow Jones industrials -33.84
S&P 500 -38.49
Nasdaq Composite -40.54
Russell 2000 small cap -34.80
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