{"id":10470,"date":"2009-01-01T23:30:22","date_gmt":"2009-01-01T23:30:22","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ft_us_stocks_suffer_worst_year_since_great_depression\/"},"modified":"2009-01-01T23:30:22","modified_gmt":"2009-01-01T23:30:22","slug":"ft_us_stocks_suffer_worst_year_since_great_depression","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=10470","title":{"rendered":"FT: US stocks suffer worst year since Great Depression"},"content":{"rendered":"<p>For the year, the S&#038;P 500 dropped 38.5 per cent, marking its worst run since a marginally higher drop of 38.6 per cent in 1937. The Dow lost 33.8 per cent, its worst annual decline since the index fell 52.7 per cent in 1931.<\/p>\n<p>\u201cIt was beyond most people\u2019s comprehension that such a thing could happen,\u201d\u009d said Marc Pado, chief market strategist at Cantor Fitzgerald. \u201cNo one thought the short-term could be this destructive.\u201d\u009d<\/p>\n<p>The financial sector was the worst performing, down 57 per cent overall, in a year in which several institutions ended up part-owned by the state to prevent a collapse of the system.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/bd25ac02-d73a-11dd-8c5c-000077b07658.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the year, the S&#038;P 500 dropped 38.5 per cent, marking its worst run since a marginally higher drop of 38.6 per cent in 1937. The Dow lost 33.8 per cent, its worst annual decline since the index fell 52.7<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=10470\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,599],"tags":[],"class_list":["post-10470","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-stock-market"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10470"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10470\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}