Yesterday's 250 point sell-off in the Dow was the sixth day in a row of losses, the longest losing streak since October 10, 2008 when the Dow lost 22% over an eight day stretch. Since the start of the year, the Dow is down 6.6%, its worst Jan 1 - Jan 14 stretch ever.
The Dow and S&P 500 are having their worst open to a New Year ever.
- The Dow is down 6.6% YTD. The Dow has only been down more than 6% through the 14th of January only once before, in 1978 when it was down 6.38%.
- The S&P 500 is down 6.7% YTD. The previous record through Jan 14 was a drop of 5.7% set in 1982
- The NASDAQ is down 5.5% YTD, its second worst open to a new year. It was down 6.6% for the same period in 2008.
- Read See Ya, Santa!