by Michael Snyder
The Economic Collapse Blog
We are literally witnessing history in the making. For the third time in the last six trading sessions, we have witnessed the largest single day point crash in stock market history. Let that sink in for a moment. On March 9th, the Dow set a new record by falling 2,013 points. Then on March 12th, the Dow set a new record again by falling 2,352 points. Of course what happened on Monday was the biggest whopper of them all. The Dow Jones Industrial Average was down 2,997 points, and words like “carnage” and “devastation” don’t seem to be strong enough to convey that horror that took place. To put all of this into perspective, the largest single day point crash during the last financial crisis was just 777 points. That means that the crash that we witnessed on Monday was nearly four times as large as the worst single day point crash in 2008.