The DJIA is down over 3,000 points in 8 months, has lost 22% of it’s value

As of 2PM EDT, July 7, 2008 the Dow Jones Industrial average is down 3,013 points if compared to the all time high 8 months ago on October 9, 2007 of 14,164, which equates to a nearly 22% decline. According to Standard & Poor’s Corporation, the last major bear market lasted over 2 and 1/2 years.

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