We don’t know what markets will do today–they’re down so far–but in the previous 6 days stocks, represented by the S&P 500 Index of large American companies, dropped 12.03%. This is of course a big decline, but how far does this set investors back? Well, to be precise, ...
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I’m resisting the urge to begin this brief post with a pun on “T’was the Night Before Christmas.” In any case, today’s half-day of trading stocks sold off strongly again, cementing this December as one of the worst on record (since 1931 to be precise). When the market closed at 1pm today the ...
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As I write this Wednesday afternoon the Dow Jones Industrial Average is down 423 points and most other market indices are also down sharply. Remember that with the DJIA’s growth over recent years, a 423-point drop is “only” 2.6%. Still, following three other “down” market days bracketing the ...
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