[SolidSupplySide]

We know what kind of impact that had on the markets here.

Yes we do. The impact on US markets was shallow and very temporary. It was if the markets acted on fear alone instead of any fundamental reason.

[SierraWasp]

Just a tagline correction ping!

[Mase]

The impact on US markets was shallow and very temporary

IIRC, the market lost more than 20% in less than three months. Not exactly what I'd call shallow, but it was certainly temporary, thanks to Greenspan slashing interest rates and the fed bank in NY organizing the bailout.

The doom and gloom was rife back then and many were predicting a recession and global economic contraction. I think the S&P gained about 50% during nine months after the crisis.

The markets are still driven by emotion today as evidenced by their reaction to the yield curve inversion.