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Originally Posted by SimNut
...I still haven't figured out if things are worse than they were before, or if it's always been like this and we just didn't know about all of it.
Either way, I could use some good news right about now.
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Here is some good news for ya - We have had what? 10 financial crisis since the 1960's that are similar to today (They all did a market drop of well over 10%). You might remember some from the 80's - Savings and Loan bailouts. 90's and into 2000's the Enron's and what was the other? Worldcom? I forget. No one will remember in the next 7 years what those were either since we will be worried about the newest worst disaster in financial history. Nor will we remember those in an additional 7 years.
So here's your good news for the day - you won't remember any of this in 7 years with the newest latest. They will all be worried about the stock market dropping below 20,000 points for the first time since 2010 and it will again be the biggest drop in points in history. Of course, when you analyze it, it won't be the biggest drop in 50 years as a percentage (which is what they should be basing their drop news coverage on) once again.
Yawn.
-S