The Dow’s 4% yesterday brings this year’s losses to 25%, just a bear’s hot breath away from the 33% slump the Dow suffered through all of 2008. The old lady finished closed the day at 6,594, a fresh 12-year low… and right in line with our initial forecast.
From its peak, that’s a 53% decline. As much as the media have worn out the phrase “The worst since the Great Depression†now it’s true:
Who Hyped for this Story
PageHype is an alternative social bookmarking site to help get informed and to better oneself. Enjoy!
Comments