Since I’m traveling this week on business, I thought it appropriate to plunk down one more road sign, for the road and from the road... Here in Dubuque, Iowa, this week. Never been to the state “Adorned in Corn” before. The rolling hills of Dubuque are beautiful covered in snow, and it’s sunny, peaceful. Unlike the insensitive oaf in the hotel room next to me or Mr. Elephant Feet above me… geez, sounds like he’s wrestling wildebeest up there.
Boy, wasn’t this past week fun? It’s nice to see the DJIA gain most of the 200+ points it lost on Friday, but don’t expect it to last. There’s more of that rollercoaster to come, I’m sure. [more]
More Detours or Bridge Out? left off, the next question that came to mind was this:
Where are we on the downward trend from a historical perspective?
Looking at our chart of the most recent S&P500 Corrections below, you can see we’ve just dropped below the 1973-1974 slide (the black line, the worst of the group) and are approaching a 50% loss from the most recent peak in October 2007. Note we’ve gone just over half the period for the previous bear market from 2000-2002, so if you think the market’s going to spring back anytime soon, think again. And again. The 2000-2002 slide had some of the financial stresses we have now, but not in any imaginative quantity when compared to today’s financial disclosures. [more]
We interrupt your regularly scheduled program on "Road Signs" with this important message from John Hodgman on an emergency solution for our flagging economy and sliding consumer confidence... [more]
Unemployment Rates Rising [more]