Originally Posted by numan
In the month after October 24, 1929, the Dow had lost about 48% of its value. We are seeing losses approaching those of 1929 and a month has not yet passed since "Black Monday" September 15, 2008!
Quote
Markets tanked Thursday, extending the Dow's losses over the last seven sessions to 2,271 points, or 20%, as panicked investors ditched stocks across the board.
source: CNN

Even a loss of 1% could be said to be "approaching". Yet I think it is also fair to say we have a long way to go before we are in a worse position now than we were in 1929.

Steve
Give us the wisdom to teach our children to love,
to respect and be kind to one another,
so that we may grow with peace in mind.
(Native American prayer)