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Aug. 8 was the sixth worst day in recent U.S. stock market history, measured in terms of point loss on the Dow Jones Industrial Average (DJIA).

To encourage clients not to panic-sell on such days, you may find useful a recent analysis conducted by CXO Advisory Group. The firm defined a “big down day” as a four standard deviation decline, measured by daily returns of the DJIA. Prior to Aug. 8, there had been 59 such days since 1950. The analysis found that:

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