The Dow is now down over 200 points for the day. Without a big rally, this will be the 30th triple digit move of the Dow this year. The prior record over the same period was 24 triple digit moves, set in 2000.
Volatility continues to play as the CBOE Volatility Index , also known as the "Investor Fear Gauge" is again over 30. Values above 30 represent high volatility and investor uncertainty.
Volatility between New Years - March 14:
- 30 Triple Digit Moves in 2008 - 18 Negative, 12 Positive
- Most for the same period since 2003 when we had 21 triple digit moves (13 Negative, 8 Positive)
- Prior record of 24 for the same period set in 2000 (14 Negative, 10 Positive)
It is also the 25th daily move of +/- 1% of the Dow.
- 25 moves in 2008 of +/- 1%, 16 Negative, 9 Positive
- Most since 2003 when we had 26 moves of +/- 1% (16 Negative, 10 Positive)
- Record of 33 for the same period set in 1932 when up days beat down days 17-16.
Helping pull the Dow down today are:
- General Motors
- JP Morgan Chase
- American Express
- Bank of America