2008 was the year the markets dragged the economy down. 2009 will be the year the economy drags the markets down. Could be a little ways to go yet.Whew, look at that monster 29-32 decline. ouch
Yeah, I think some people are going to be shocked by the earnings declines.
Re earnings declines: see the charts accompanying this post, "Buy and Hope Investing".
I cant extract any conclusion from this chart. Are we in the same line as 1927?
J.,The current decline (2007-2009) is slightly steeper than the 1929-1932 decline was when that decline was as old as our current one is. The chart of course offers no conclusions about what will happen going forward.
2008 was the year the markets dragged the economy down. 2009 will be the year the economy drags the markets down. Could be a little ways to go yet.
ReplyDeleteWhew, look at that monster 29-32 decline. ouch
Yeah, I think some people are going to be shocked by the earnings declines.
ReplyDeleteRe earnings declines: see the charts accompanying this post, "Buy and Hope Investing".
ReplyDeleteI cant extract any conclusion from this chart. Are we in the same line as 1927?
ReplyDeleteJ.,
ReplyDeleteThe current decline (2007-2009) is slightly steeper than the 1929-1932 decline was when that decline was as old as our current one is. The chart of course offers no conclusions about what will happen going forward.