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>A stock market dip does not a recession make You're right, but it's a pretty good indicator. It's been 56 days since the DJIA's peak close of 26,616.71 Yeste
by riffic 9y ago
>A stock market dip does not a recession make
You're right, but it's a pretty good indicator.
It's been 56 days since the DJIA's peak close of 26,616.71 Yesterday's close was 23,957.89 and there has been a sustained loss of 2658.82 in the time since. I'm not the NBER, but a dip lasting almost 2 months sure smells like the start of recession to me.