For the last few months the stock market has been fluctuating everyday based on the latest news of the financial crisis which exists today. The week ending October 10, 2008, however, will be remembered as one of the most volatile ever and we can only hope that it will not be repeated again in the near future.

Stockholders witnessed a week whereby the Dow Jones, which represents blue chip stocks, had an eight-day loss of just under 2,400. This was the worst week ever recorded for the Dow. The Standard & Poor’s 500 index also produced its’ worst week in both points and percentages.

The market was so crazy by Friday that the Dow average fell 696 points in the first 15 minutes after opening, and spent the remainder of the day spiking and falling drastically. The Dow last week was down 18.2 percent. This was actually a larger percentage loss than during the Great Depression, when it had finished the week ending July 22, 1933 wit a recorded loss of 17 percent.

Other stock indicators were mixed and there was some hope in that the Russell 2000 index of small companies actually showed positive results and this has always been considered to be the beginning sign of an improving market. Let’s hope that this proves true this time, also.

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