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The recent drop happened in only one week, it was really abrupt and breaking records. GFC didn't happen over 1 week, the bear market from GFC was from October
by exogan 7y ago
The recent drop happened in only one week, it was really abrupt and breaking records.
GFC didn't happen over 1 week, the bear market from GFC was from October 9/10, 2007 to March 9, 2009.
- thinkloop 7y agoI don't think it broke any real records, the only one is the absolute point drop in the indexes, but that's a meaningless stat that will constantly be broken in the future as the economy grows - proportion is what's interesting.
- exogan 7y agoMy bad, it did not break records outside the 1987, dot-com and GCF crises, made a mistake there. However, I don't agree with the theory of infinite economy growth (as you said "constantly be broken in the future").
- whatshisface 7y agoFuture economy growth =/= infinite economy growth.