One of the most volatile weeks in Wall st history
This past week was one of the most volatile weeks in history. On Monday, August 8th, 2011, it was the sixth worst Dow drop in history due to the Standard & Poor’s downgrade. On Tuesday it was the 10th biggest Dow Jones rally in history, on Wednesday it was the Ninth worst Dow decline in history, on Thursday, Wall Street recorded one of its biggest gains of all time. This was the most volatile week since 2008.
First time ever in history we had four 400+ straight point moves. This was the sixth time in the history of the stock market, that in one week, we saw this kind of volatility.
Location: Wall Street