Mark Hulbert: Did Monday's stock plunge constitute capitulation?

ANNANDALE. Va. (MarketWatch) - Parallels to 1987? The Dow Jones Industrial Average dropped 504 points on Monday, reacting to the bankruptcy of Lehman Brothers Holdings , Inc, the shotgun marriage of Merrill Lynch & Co., Inc. to Bank of America Corporation , and the rumored imminent collapse of American International Group, Inc. . That point drop is almost exactly the same as the Dow's loss on October 19, 1987,... [read full story]