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Volatility in context

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So there has been all kinds of volatility on Wall Street lately — triple digit ups and downs.

Well, consider this:

27 years ago yesterday, October 19, 1987, was ‘Black Monday.’ The Dow was off 22 percent that day which came out to 508 points. The next day, known as ‘Terrible Tuesday,’ nearly caused the New York Stock Exchange to collapse. 

A similar drop today? 3607 points.

All this to say: context truly is everything.

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