# Market Close on 10/10/07? **URL:** \ **Category:** Factual Questions\ **Created:** [October 10, 2008, 5:19pm UTC](https://boards.straightdope.com/t/market-close-on-10-10-07/467347 "2008-10-10T17:19:00Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![Paul\_in\_Qatar](https://avatars.discourse-cdn.com/v4/letter/p/ccd318/32.png) [@Paul\_in\_Qatar](https://boards.straightdope.com/u/Paul_in_Qatar)\ **Post date:** [October 10, 2008, 5:19pm UTC](https://boards.straightdope.com/t/market-close-on-10-10-07/467347/1 "2008-10-10T17:19:00Z")
Everyone is saying the DJIA has fallen 42% from its high a year ago (or a year and a day?) I have poked around, and to show my lack of Google-fu am unable to find the market top. **What day was the highest DJIA close? At what level?** Thank you. I am being dumb today for some reason. ---
**Author:** ![poker\_in\_the\_rear](https://avatars.discourse-cdn.com/v4/letter/p/dc4da7/32.png) [@poker\_in\_the\_rear](https://boards.straightdope.com/u/poker_in_the_rear)\ **Post date:** [October 10, 2008, 5:24pm UTC](https://boards.straightdope.com/t/market-close-on-10-10-07/467347/2 "2008-10-10T17:24:58Z")
10/09/07 14,164.53 ---
**Author:** ![Jas09](https://avatars.discourse-cdn.com/v4/letter/j/d07c76/32.png) [@Jas09](https://boards.straightdope.com/u/Jas09)\ **Post date:** [October 10, 2008, 5:25pm UTC](https://boards.straightdope.com/t/market-close-on-10-10-07/467347/3 "2008-10-10T17:25:51Z")
This appears to be the high point: 9-Oct-07 14,164.53 ---
**Author:** ![Amp](https://avatars.discourse-cdn.com/v4/letter/a/6a8cbe/32.png) [@Amp](https://boards.straightdope.com/u/Amp)\ **Post date:** [October 10, 2008, 5:26pm UTC](https://boards.straightdope.com/t/market-close-on-10-10-07/467347/4 "2008-10-10T17:26:18Z")
Closing High: 14,164.53 Date: October 9, 2007 > **[Closing milestones of the Dow Jones Industrial Average](https://en.wikipedia.org/wiki/Closing_milestones_of_the_Dow_Jones_Industrial_Average)** > > This article is a summary of the closing milestones of the Dow Jones Industrial Average, a United States stock market index. Since first closing at 62.76 on February 16, 1885, the Dow Jones Industrial Average has increased, despite several periods of decline. > Like most other stock market indices, the Dow undergoes periods of general increase and general declines or stagnation. A bull market is a term denoting a period of price increases, while a bear market denotes a period of declines. Wall St... Scroll down to RECORD HIGHS. ---
**Author:** ![dalej42](https://avatars.discourse-cdn.com/v4/letter/d/67e7ee/32.png) [@dalej42](https://boards.straightdope.com/u/dalej42)\ **Post date:** [October 10, 2008, 5:27pm UTC](https://boards.straightdope.com/t/market-close-on-10-10-07/467347/5 "2008-10-10T17:27:13Z")
On October 9, 2007, the Dow Jones Industrial Average closed at the record level of 14,164.53. Roughly on-par with the 2000 record when adjusted for inflation, this represented the final high of the cyclical bull. is directly from the [Wikipedia article.](http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average) ---
**Author:** ![Xema](https://avatars.discourse-cdn.com/v4/letter/x/9de053/32.png) [@Xema](https://boards.straightdope.com/u/Xema)\ **Post date:** [October 10, 2008, 5:33pm UTC](https://boards.straightdope.com/t/market-close-on-10-10-07/467347/6 "2008-10-10T17:33:30Z")
> [@Paul in Saudi](#): > > I am being dumb today for some reason. Intelligence peaked a year ago, and is now down 42% ? ---
**Author:** ![Paul\_in\_Qatar](https://avatars.discourse-cdn.com/v4/letter/p/ccd318/32.png) [@Paul\_in\_Qatar](https://boards.straightdope.com/u/Paul_in_Qatar)\ **Post date:** [October 10, 2008, 6:39pm UTC](https://boards.straightdope.com/t/market-close-on-10-10-07/467347/7 "2008-10-10T18:39:43Z")
Thank you all. I am only down 20%, so somehow that means I am making money. ---
**Author:** ![Paul\_in\_Qatar](https://avatars.discourse-cdn.com/v4/letter/p/ccd318/32.png) [@Paul\_in\_Qatar](https://boards.straightdope.com/u/Paul_in_Qatar)\ **Post date:** [October 10, 2008, 6:51pm UTC](https://boards.straightdope.com/t/market-close-on-10-10-07/467347/8 "2008-10-10T18:51:18Z")
Now it reads like this; \*The crisis unfolded over weeks, but it is useful to look at Thursday, 9 October, 2008. The market tumbled on the heaviest trading day ever up to that point, almost 8.3 shares trading hands. After a calm morning, sellers hit hard in the last two hours of trading, driving the average down 679 points, a seven percent loss in a single afternoon. General Motors fell 31% on news new-vehicle sales were falling to fifteen-year lows. Exxon Mobil, and Chevron both lost about 12% Perhaps more illustrative is the fact that exactly a year before, the market had reached a then-all-time high close of 14,164.53. On 9 October 2008, it closed down 42% from that high water mark at 8,579.91. The bottom line is we’re witnessing a complete panic. -Trevor Callan But keep in mind, the crash of 9 October came close on the heels of the crash of 17 September 2008, down 7.13% and the crash of 29 September 2008, down 6.98%. The effect was like a series of hammer lows. * * * -