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Percentages, Not Points

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Uploaded by on Sep 1, 2011

http://www.brickfinancial.com/thethirdpig/archive/2011/08/percentages_not_poi...

Don't be duped. Monday, (August 8, 2011) after Standard and Poors downgraded the nation's debt, for what seems to be highly political reasons instead of financial ones, the Dow Jones Industrial Average declined 634 points. Context is what is needed. Although a 600+ point drop is significant, it hardly matters. The drop on Monday represented a 5.5% decline. That is not even close to making the top 20 percentage drops in the DJIA's history.

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