Sometimes one simple computer glitch can set a thriving company back billions of dollars.
stock market crash history
- 5 Computer Glitches That Cost Their Company Billions
- The Biggest Stock Market Crash Warning Sign We've Seen in 2016
- 2008 Stock Market Crash Causes and Aftermath
- The Dot-Com Crash of 2000-2002
- The Stock Market Crash of 1929
- When Did the Stock Market Crash?
- Stock Market Crash History: 2014's Biggest One-Day Drops in the Dow
- Stock Market Crash History: The Dow's 10 Biggest One-Day Percentage Losses
- Stock Market Crash History: The Dow's 10 Biggest One-Day Plunges
We just received the biggest stock market crash warning sign we've seen in 2016, when economist Albert Edwards shared an ominous outlook for U.S. stocks and the economy.
The Societe Generale expert says if the U.S. economy tumbles into a recession led by low manufacturing output, the U.S. market will sink a whopping 75%.
The 2008 stock market crash was the worst since the Wall Street Crash of 1929.
The Dow plunged 54% in 18 months. It wiped out more than $2 trillion of Americans' retirement savings, and millions lost their jobs.
Stock market crash history series No. 2: The dot-com crash of 2000 eviscerated more than $5 trillion in market value between March 2000 and October 2002.
The tech-heavy Nasdaq Composite tumbled 76.81% between its March 10, 2000 high and Oct. 4, 2002 for a whopping 76.81% drop. (The Dow Jones and S&P 500 also suffered, albeit less intensely - down 27.38% and 43.19%, respectively.) The March 10 high wouldn't be seen again for 15 years.
Stock market crash history series #1: The Stock Market Crash of 1929 is without a doubt the most devastating in U.S. history, in terms of duration and extent.
On Black Tuesday, Oct. 29, 1929, the Dow dropped 12% (30 points) and 16 million stock shares exchanged hands - although for some, there were absolutely no buyers. When the dust settled, more than $30 billion (roughly $350 billion in today's dollars) in wealth had been obliterated. The Dow sank a total 48% from September to November 1929 and kicked off the 10-year-long Great Depression. It lost another 86% from April 1930 to July 1932 in the crash's aftermath.
In the whole of U.S. history, exactly when did the stock market crash?
There have been a total of 14 U.S. stock market crashes post-1800. Each one was triggered either by a speculative bubble collapse, an economic crisis, or a major catastrophic event.
As far as stock market crash history goes, 2014 won't go down as the worst year - not by far. Still, a few analysts were predicting a crash.
In fact, Marc Faber declared that 2014's crash would rival that of 1987.
The Dow Jones Industrial Average tumbled 326 points (2.1%) on Feb. 3, triggering a flood of stock market crash talk.
January wasn't any better - the Dow suffered its worst January since 2009 and its worst month since May 2012, deflating 5.3%. (The S&P 500 slid 3.6%, also its worst monthly performance since May 2012, and the Nasdaq dropped 1.7%, its worst since October 2012.)
Three factors are making market-watchers fearful of a full-blown stock market crash: