Deep Breath [The Panic Of ‘08]
Posted by CMAdmin
If I run another illustration of the end of the world, I’m going to shoot myself. So, instead, here’s a chart with some perspective. Note how miniscule a bump markets experienced during the supposed “crash” of 1987. Even after the today’s drop in the Dow below 9,000 the index is roughly where one would expect it to be if the economy had grown modestly and the two asset bubbles—dot-com stocks last decade and real estate this one—had never happened.
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