Next stop is at 10k, which is where we were back in August of last year. still lots of room for Obama to fall.
If it drops another 30, we’ll have wound all the way back to the level of May of 1999. That’s 12 and a quarter years of market gains wiped out. Worse then in the first part of the recession.
Even though it dropped all the way to 6.6k, that was only the same level as January of 1997. So another 12 years through to February of 2009.
The worst, peak to peak is still from 1965 to 1982, for Obama to match that the market would have to drop to 3.8k.
"Solid B Plus"That one got me going Hmmmmmmm.....