...A crash like many others (click here)
Thursday's market crash was the Dow Jones Industrial Average's worst day since 1987. At the end of the day, the Dow had plunged 10%, just one day after falling into a bear market, down more than 20% from its most recent high. Also on Thursday, the S&P 500 fell 9.5% and the Nasdaq shed 9.4%, also officially entering bear markets.
There are similarities between the two crashes, and other major market events that have occurred in the interim, according to Sonders. Market movements in the last few weeks have felt like "an ugly mashup" of what happened in 1987, in 2001 after the terrorist attacks on September 11, and during the financial crisis in 2008, Sonders said....
