And you thought October was the dangerous fall month for your investments.

more stories like thisOctober is certainly famous for its crashes, but November can pack a punch, too. This year is turning out to be a prime example, with four more trading days remaining in the month.

The Standard & Poor's 500 index is on track to turn in its worst month in five years, falling 9.1 percent for November so far. The Dow Jones industrial average is down 8.5 percent, and the Nasdaq stock index is down 11.1 percent for November. All the major stock indexes struggled through another bad day yesterday. That pushed both the Dow Jones and S&P 500 averages down 10.1 percent from their highs reached in October, making the current decline an official stock market correction.

 

Submitted: Nov 27, 2007    Views: 244    Comments: 0    Likes: 2   


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