How bad is Dow decline?

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Stan Stricker
September 29, 2008

A 777 point decline on Wall Street may be the biggest point decline in history, but Mike Nimmo, Senior Vice President at Wachovia Securities in Janesville, says it's far from the worst loss.

He says this doesn't even come close to the crash of 1987 where the market dropped more than 22% in one day, which would translate into 2300 points by comparison today.

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