And Now, for the Reverse Wealth Effect: ; the Stock Market Is an Indicator of People's Fears
Charleston Daily Mail › December 02, 2008
Linked as:
Summary
WASHINGTON - The stock market is nothing if not a psychological barometer. The present signal is unmistakable: fear.
It's not just that the market dropped by more than half; that decline parallels some previous post-World War II bear markets (48 percent in 1973-74 and 49 percent in 2000-2002).See the full content of this document
Extract
And Now, for the Reverse Wealth Effect: ; the Stock Market Is an Indicator of People's Fears
More revealing are the day-to-day movements. From mid-September to Nov. 21, there were 50 trading days.
On 25 of them, the market moved 4 percent or more (16 down, nine up), reports Wilshire Associates.In the previous 25 years, there w...See the full content of this document
Sponsored links
