What goes up, must come down, and sometimes it comes down hard. For as long as there have been financial markets, there have been bowel-clenching days where it seems like every asset is deep in the red. Arguably, just as bad are those periods of pronounced malaise where there are few, if any, signature bad days, yet it seems like the markets are just leaking every week. Let us look at some of the worst times that Wall Street has seen. (For ways you can invest in these unpredictable times, read How To Retain Your Sanity In A Volatile Market.)
Crashes
Curiously, some of the worst days in the history of Wall Street had no clear cause. Oh true, there were concerns about valuations and global economic conditions, but nothing has really ever adequately explained why there have been some particularly terrible days on Wall Street.
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http://financialedge.investopedia.com/financial-edge/1011/The-Scariest-Days-On-Wall-Street.aspx#axzz1aPf3YKKm
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