October 10th, 2008 - A Day to Remember

October 11th, 2008 | Categories: Articles, News

October 10th will go down as one of the most frantic days I’ve ever experienced. When the market opened and went straight down 698 points (Dow) in the first 8 minutes and then rallied back to positive by 10:08AM, you could hear the cheering roars of the NYSE trading floor on CNBC. That gave me goose bumps.

Then you had Bush come on TV to calm the nation; however as soon as he started speaking, the Dow plummeted again near the lows of the morning by 1:50PM. Near the end of the day there was another huge rally around 2:56-3:36PM to even higher highs up 322 points (1019 points from the low) for the day and then a selloff the rest of the day to close down 128 points.


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