No, I don't think that's hyperbole. The Dow Jones Industrial Average
finished down 777 points, the biggest point loss in history
. The previous record was -721.56 set in the immediate aftermath of the 9/11 terrorist attacks. The Standard & Poor's
500 shed 102.90, or roughly 8.5%. That was the worst percentage decline
since the October 1987 crash. The Nasdaq
Composite lost almost 200 points, or 9.1%.