Historic Bear Markets Vs. Current S&P Nose Dive
By Justin Gardner | Related entries in Economy, HistoryI thought since I’ve been so sunny today, here’s a few more rays to pick you up…
The math is pretty simple. It’s the worst drop in the S&P 500 since The Great Depression.
Now, since I posted that graph earlier of how much GDP loss it’ll take to get to 1932 numbers, who here thinks that the economy will actually get bad enough to see the S&P drop significantly more?
Good time to buy? And what should you buy specifically?
(via: Dshort.com)
This entry was posted on Wednesday, March 11th, 2009 and is filed under Economy, History. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
March 11th, 2009 at 9:12 am
Hmmmm…
http://www.mcclatchydc.com/politics/story/63706.html
South Carolina Gov. Mark Sanford is expected Wednesday to become the first governor to formally reject some of the federal stimulus money earmarked by Congress for his state.
“Our objections to the so-called stimulus bill have been well-chronicled for the way it spends money that we don’t have and for the way this printing of money could ultimately devalue the American dollar…”
March 11th, 2009 at 5:32 pm
Do you even read your pastes? Sanford is a grandstanding clown who only has his eye on 2012. He turned down the funds because he knows full well that those funds are directed to the lead legislatures in the states to use where they see fit, whether the governor agrees or not. Wake up – same game, same slimey players, different face. His state loses nothing with his thinly veiled attempt to appear fiscally responsible
“Republican legislators who control the South Carolina General Assembly have joined Democrats in overturning hundreds of Sanford’s line-item vetoes, rebuffing his bid to slash the budget in one of the nation’s poorest states.
State House Speaker Bobby Harrell, state Senate President Pro Tempore Glenn McConnell, state Senate Finance Committee chairman Hugh Leatherman and other Republican legislative leaders have worked with U.S. Rep. Jim Clyburn, the House majority whip, to ensure that the state doesn’t get left off the stimulus gravy train.”