We just hit another milestone. The market has now fallen farther faster than it did during the Great Crash of 1929-1932.And in pictures, from DShort.com (click chart to biggify):
Floyd Norris, NYT:It has been 513 calendar days since the stock market peaked on Oct. 9, 2007. Since then, the S.&P. 500 is down 56 percent and the Dow is off 53 percent.
On Jan. 29, 1931 — the identical number of days after the 1929 market peak — the S.&P. 500 was down 49 percent and the Dow was down 56 percent. The 1929 crash got off to a much faster start, but we have now more or less caught up.
Doofus Of The Day #952 - Today's award goes to an inept burglar in Tucson, Arizona. According to a report, a locksmith was working at the school when he spotted a man trying to ge...
8 hours ago