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To: CottonBall
"But the article is say something about the Panic of 2008. That only leaves 1 more month for the panic to begin."

You don't think a 48% reduction in the stock market value is a panic?

41 posted on 11/24/2008 8:45:55 PM PST by blam
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To: blam

No, I think that’s a market correction, actually. It was way overvalued. The charts of late are all logarithmic, just to make it look linear. The ‘growth’ in the last 2 decades doesn’t seem to be based on companies’ growth and the PE ratios have been quite high. All just my opinion and you could be right.

I would htink a total panic would include a run on banks. Don’t know if that’s happening yet or not, but I haven’t heard anything.


72 posted on 11/25/2008 9:20:35 AM PST by CottonBall
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