Back Stories: 2008 Stock Market Crash

NEW YORK (WCBS 880) – When the inventory market crashed in 2008, the Dow fell 25 % in a single month.

It was a decline of about 6,000 factors a month, WCBS enterprise reporter Joe Connolly recollects.

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“What I keep in mind primarily about it’s individuals very involved wanting, asking on the sting of panic about their funds,” he says. “Might the inventory market go to zero? The solutions was no, as a result of sooner or later shares would turn into a purchase once more.”

“Nevertheless it was a really scary time,” he provides.

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