December has been turbulent for the market. Declines like we have recently witnessed are beyond usual as shown in the graph below. If this in fact is the beginning of a new bear market, we’re off to a rip-roaring start.
- As of Tuesday, 10 of 14 market days in December were down days for the Dow, which isn’t a first – but seven of those ten were down -350 points or more. Here’s a listing – from best to worst days. (Source: Yahoo! Finance.)
- 157.03 (12/12)
- 82.66 (12/18)
- 70.11 (12/13)
- 34.31 (12/10)
- -53.02 (12/11)
- -79.40 (12/6)
- -351.98 (12/19)
- -414.23 (12/21)
- -464.06 (12/20)
- -496.87 (12/14)
- -507.53 (12/17)
- -558.72 (12/7)
- -653.17 (12/24) -799.36 (12/4)