Thanks Dems… Stock Market Has Worst January Since 1896 Followed By Worst February Since 1933
Thanks Barry. Thanks Harry. Thanks Nancy…
The stock market had its worst February since 1933.
The Wall Street Journal reported:
A late burst of selling sealed a dismal finish for the stock market, which hit a fresh 12-year low on Friday as Citigroup sold a bigger chunk of itself to the government and General Electric slashed its dividend, spooking investors who were already jittery.
The Dow Jones Industrial Average dropped 119.15 points, or 1.7%, to end at 7062.93. The blue-chip benchmark ended down 937.93 points, or 11.72% on the month — the worst percentage drop for February since 1933, when it fell 15.62%. The Dow industrials have fallen six months in a row and are now more than 50% off their record highs hit in October of 2007.
This followed the news from last month that the stock markets had its worst January in 113 years.