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The Tipping Point and "Good News Matches"
- andrewljohnson 18y agoThe Great Depression wasn't characterized by a single stock market drop. It was characterized by massive volatility, just like we are experiencing today. Up 6%, down 20%, over and over. The economy will be down for the next decade or so, and that's all there is to it. After the Dow loses half it's value, a 6% up-tick in the market is absolutely nothing worth dwelling on. As for your actual analysis, your three points are glib and facile. A quote from Bernanke isn't going to have any long-term effect on the market, nor will a good quarter from Citigroup. Any profits Citigroup has are on the back of the American taxpayer. Give me billions of dollars and I'll post a profit too.