When stock markets fall sharply and immediately recover, the losses seem to disappear. But that doesn’t mean no one feels any pain.
The Dow Jones Industrial Average fell 617 points, or 2.4%, on Monday—then promptly went up by an almost identical amount over the next three days. If you headed off for a hike in the wilderness on May 10 and came back on May 16, you might have concluded that nothing had happened: Over the full stretch of those four trading days, the Dow ended up just about where it started.
It would be helpful to see this information in a chart. I understand the averages since 1986...but what has happened in the past decade...the past five years...the past two years? We're living in times where norms are being upended; be careful with extrapolating from history.
BLAME IT ON POTUS
How often do the Murdoch kids take turn doing the dog?
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