Why the Stock Market Crashed?

This is a picture of a chain store going out of business around the time of the 2008 stock market crash.

The market crashed because large companies who give mortgages, a debt instrument that is secure by collateral that the borrower must pay you back in a set of payments, would give people mortgages to people who couldn't afford them or to people with bad credit. They could always foreclose on the home, because a home is an asset and the value was increasing, but then people couldn't pay their loans and the home values were decreasing. On March 15, 2010 Bear Stearns, an investment back merged with JP Morgan Chase, and Bear Stearns lost 90% of it's value.  Dow Jones Industrial Average dropped from $10,831.07 to 48451.19 or 22.11%. Today at 2:43 PM it was at $12,977.04. When a large company gets a bad earning report, there is a bear market, most stocks go down. When the market is crashing investors fear and start to sell, which lowers demand and increases supply making the market go down.

http://www.money-zine.com/Investing/Stocks/Stock-Market-Crash-of-2008/
Stock Market Crash of 2008
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