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The market bloodbath: Some perspective

Started by mathewi · 9 months ago

I don’t write about the stock market much any more — mostly because I wrote about it every day for about 15 years and kind of got sick of it, to tell you the honest truth — but today was one of those days where it’s hard to pay attention to anything ... Continue reading »

2 comments

  • I agree that in percentage terms it wasn't that impressive but all the same approximately 1.2 trillion dollars was wiped off the market value. Double the amount of the bailout that failed to pass. From what I understand its the first-ever trillion-dollar one-day loss. Crazy times indeed
  • Had they let Long Term Capital fail in 1998 like they should have, the Fed wouldn't have helped set the stage for where we are today....

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