We have seen financial panics before.
We have seen wealth erode before.
In,
In 1998, the Dow Jones crashed from 9,338 on July 17th to 7,539 on August 31st.
That was a decline of -24%. In 6 weeks.
The current decline in the Dow is -49% from its peak of 14,093 established on October, 12, 2007. In 51 weeks.
If things are bad now, they were also pretty bad in 1987 and 1998 yet we survived as a species.
Source:
4 comments:
Gaurav.... I think the most powerful are the unseen ones
true..
This might be just the tip of the Iceberg!
i dont know if this is relevant with the topic here..but at macro level the species almost always survives... its at the micro level where the actual pinch is felt :-)...i think u understand what i mean. ..
good work gaurav :-)
True i totally agree!
Post a Comment