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- June 27, 2008: Dow fell nearly 125 points, to just over 11,328Reuters: Instant View: Down Industrials Enter Bear Market Territory (June 27, 2008)
- Rallied to close at 11,347The New York Times: Battered by Oil, Dow Touches Bear Territory (June 28, 2008)
- At its low, the Dow Jones Industrial Average was down 20.2 percent from its October 2007 highCNNMoney.com: Bear Scare on Wall Street (June 27, 2008)
- October 9, 2007: DJIA closed at a record high 14,164.53Money & Co.: Grizzly, Yogi or No Bear at All? We're Still Waiting to See (June 27, 2008)
- Bear market generally defined as a market that loses 20 percent or more of its peak valueThe New York Times: Battered by Oil, Dow Touches Bear Territory (June 28, 2008)
- Last bear market period: March 2000 to October 2002The New York Times: Battered by Oil, Dow Touches Bear Territory (June 28, 2008)
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On June 27, 2008, the Dow Jones Industrial Average (DJIA) fell 20 percent from its October 2007 high, the definition of a bear market. By day's end, the Dow had rallied to regain some of its losses, closing at just under 11,347—a drop of nearly 107 points.The New York Times: Battered by Oil, Dow Touches Bear Territory (June 28, 2008)
350 Point Drop
On June 26, 2008, the Dow fell more than 350 points to hit its lowest trading point in 21 months. Many experts believed the sharp sell-off was prompted by soaring oil prices. That day, oil surged to a record high of more than $140 per barrel.The New York Times: Gloom Descends Over Wall Street Again (June 27, 2008)-
Bear Market 2008 on Amazon
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Charlie Rose- Alan "Ace" Greenberg/Charlie Kaufman & actor Philip Seymour Hoffman (October 22, 2008) - $24.95
A conversation with Alan "Ace" Greenberg, former CEO of Bear Stearns., former CEO of Bear Stearns. || A conversation about the film "Synecdoche, New York" with director Charlie Kau...Amazon
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Bear Market 2008 on Amazon
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Charlie Rose- Alan "Ace" Greenberg/Charlie Kaufman & actor Philip Seymour Hoffman (October 22, 2008) - $24.95
A conversation with Alan "Ace" Greenberg, former CEO of Bear Stearns., former CEO of Bear Stearns. || A conversation about the film "Synecdoche, New York" with director Charlie Kau...Amazon
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Bear Market 2008 Questions
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What is a bear rally? 2 AnswersWe are currently in a bear market rally, also know as a dead-cat bounce. The market has lost 25% since the start of the year, it's wildly oversold, and as a re... read more -
Why was Bears Stearns forced to merge with JP Morgan Chase? 1 Answerbecause it would have otherwise filed for bankruptcy which forced it to merge because otherwise the firm would have ceased to operate...they were a top 10 playe... read more
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In the 2008 Oscars what was the order of award distribution? 1 AnswerMahalo had great Oscar Live Coverage! 8:41 PM: Best Costume Design: Alexandra Byrne for Elizabeth 8:52 PM: Best Animated Feature: Brad Bird for Ratatouille 8:... read more
view more questions...
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Bear Market 2008 on Amazon
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Charlie Rose- Alan "Ace" Greenberg/Charlie Kaufman & actor Philip Seymour Hoffman (October 22, 2008) - $24.95
A conversation with Alan "Ace" Greenberg, former CEO of Bear Stearns., former CEO of Bear Stearns. || A conversation about the film "Synecdoche, New York" with director Charlie Kau...Amazon
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