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Monday, December 8, 2008

2008 Was So Bad, Only One Other Year Sucked More

Since 1825, the only year even comparable to this year was 1931. Simply put, in 183 years there have only been TWO years where the S&P 500 lost more than 50%.

[ HT DailyKos ]

9 comments:

Anonymous said...

Um, the year ain't over yet.

S&P is rallying big time.

SPECTRE of Deflation said...

Just WOW! Anyone who doesn't get it needs to see this video, but we know they probably won't. People keep saying that once the govt. throws enough money at the problem we can reverse the Deflationary trend. They don't really understand just how much leverage was used. It's a black hole.

SPECTRE of Deflation said...

Um, it's a bear market rally anon!

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