Dollars and Jens
Thursday, November 20, 2008
stock market
The S&P 500 today closed at 752.44, its lowest level since April 16, 1997, and its lowest close since two days before that.

I believe the S&P 500 was in the high 740s when Greenspan suggested, in December 1996, that there might have been "irrational exuberance" in the stock market. There might have been. There probably isn't now.

Update: Reportedly, this also makes for the biggest peak-to-trough drop since 1929-1932. So far.

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