Dow Jones set a new anti-record

The Dow Jones Industrial Average at the close of the exchanges on Tuesday, August 25, was again in the red zone, setting a new anti-record. For the first time in its 119-year history, it has fallen by more than 200 points over four days, according to Market Watch.

As the newspaper writes, in four sessions the index lost the 1,682.29 item. This is the largest decline in four days since the worst week of the 2008 financial crisis of the year. Then Dow Jones lost the 1,746.19 item from 6 to October 9.

“More rational approaches prevailed among market participants, the situation was calmer in contrast to the panic that prevailed on the eve,” Jim McDonald, head of investment strategy at Northern Trust, quoted The Wall Street Journal. He suggested that what is happening in the market "is not a general downward trend in quotations, but a correction."

The fall of the US stock indices occurred against the background of a decrease in the Shanghai Composite Shanghai Exchange Index by 7,6%. According to CNN Money, from June 12 it fell to the “colossal” 42%.

At the same time, experts are still ambiguous in assessing how “Black Monday” affect life ordinary Americans. If the current stock market crisis is similar to the 2008 situation of the year, when the real estate bubble burst, then you should be wary of the economic situation. If it looks more like a collapse of quotations during the stock exchange crisis 1987, then, most likely, you should not be afraid of recession.