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Economic Forecast By Constantine Semenov | Saptarishis Astrology World financial system survives after Great Crash 2008. The worst crisis since ’30s, with no end yet! Anyway, the 2008 is shaping up to annus horribilis for the U.S. stock market. Heading into Friday’s session Nov 21, 2008, in which an early rally effort quickly faded, the S&P was down 49% year-to-date and on track for its worst year ever. Down 43% year to date, the Dow is heading for its second worst year in history, the WSJ reports, trailing only the 53% decline in 1931.