Dow Jones Industrials Enter Bear Market Today

The popular Dow Jones Industrial Average officially entered a Bear Market as of 4:00 PM today, Wednesday, March 11th.



It took just 19 trading days to accomplish this - dating back to just mid-February when it closed at an all-time high of 29,551.42.

I reported in the March 10th blog post of the significance of Bear Markets, and how you can prepare for them with some risk reducing strategies with your money,

 
The Dow Industrials are now down 20.3%, or 5,998 points from the peak last month, February 12th to be exact!

The widely followed Standard & Poor's 500 Index, used moreso by professional investors and institutions, escaped bear market status by a thin margin Wednesday. It's down 18.9%, and would need to fall about 38 points to enter it's own -20% bear market.

Stay tuned for more news as it develops.