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I'm not hugely familiar with the Dow Jones, S&P, and NASDAQ, but if they took a one-third hit in value, how detrimental would it be to the economy?
Lets assume there wasn't a V-shaped recovery afterwards and that it took several years to recover.
Quote:
Originally Posted by BigCityDreamer
That is pretty much exactly what happened after 2007, except that the decline was greater than 50%.
There is usually going to be a certain level of pain in the economy when the stock market takes a major hit that takes years to recover. It isn’t pretty.
I don’t think that can be avoided.
I thought what happened some time after 2007 was a V-shaped recovery, or close to it.
This was a time when home prices plummeted across the United States, big banks failed, the auto industry almost went bankrupt and unemployment skyrocketed to 10%.
It was about as close to the end of the world as most people in a developed country will likely experience in their lifetime.
This was a time when home prices plummeted across the United States, big banks failed, the auto industry almost went bankrupt and unemployment skyrocketed to 10%.
It was about as close to the end of the world as most people in a developed country will likely experience in their lifetime.
And also the greatest buy low stock market opportunity in living memory.
This was a time when home prices plummeted across the United States, big banks failed, the auto industry almost went bankrupt and unemployment skyrocketed to 10%.
It was about as close to the end of the world as most people in a developed country will likely experience in their lifetime.
i show just 4 years 2 months wth dividends for the vanguard s&p fund to get ahead
The markets took a MUCH worse hit than that in the following year after the sept 11th (2001) attacks. It wasn't good...but we got thru it.
And the 2008 crash was worse. Creating the best buy low stock opportunity of a lifetime!
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