Sunday, March 1, 2009
Google Inc. (GOOG)
Between Feb. 9 and Feb. 23, the Dow Jones Industrial Average dropped more than 1,100 points. If it kept plunging at that rate, we'd hit zero before you knew it.
Of course, that won't happen. No matter how ugly the markets get, the pain we saw over these past few months can't continue for long.
But here's the bad news: Even though zero is out of the question, that doesn't mean stocks won't plummet from here. In fact, they could fall much, much further.
And history agrees.
What goes up ...
The history of long-term market downturns is pretty abysmal. When times are bad, markets don't just get drunk with fear -- they start downing vodka shots of terror
Subscribe to:
Posts (Atom)