Stocks fell dramatically today, but we’ve seen plenty of larger one day declines.
In terms of percentage drops for the S&P 500, we actually had 11 days with worse declines in 2008 and 2 more in the opening weeks of 2009.
Previous economic post today: Ezra Klein: “Where will the recovery come from?”
A relevant post from three weeks ago: Thoughts on the Main Street/Wall Street disconnect
