Quote:
Originally Posted by Calgary14
In 2008 the dow jones industrial average dropped 50% from 14K to 7K. This market correction we are down from 28K to 21K, or 25% (so far). This one seems much more dramatic and fast, and probably is, but overall in the long term it will smooth out
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The major difference I suspect will be the time it takes to 'fix', in 2008 it was a measurable relatively easy problem, shovel a ton of money at it and problem solved, markets rebound and all the underlying debt problems that are kicking us, once again, in the nads go away until now.
I suspect this will not work for this just due to the impossibility of knowing what the economic effect of the virus is going to be, my guess is this bottoms out and stays flat until the virus is no longer a factor in the economy, whether it then rebounds or we crawl along slowly is any ones guess.