Ouch!

Another ugly day in the markets — the Dow Industrials down nearly 6%, while the Standard & Poor’s 500 (SPX) index lost 6.7%.

This is the lowest point since April 14, 1997.

Some interesting numbers:

• The 7500 area is the March 2003 low;
• The 2002 closing low is 7286 (intraday is 7197):
• 1997 Asian contagion bottom was 7161; intraday was 6971;

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