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Thursday, November 20, 2008

You Can't Say You Weren't Warned....

Coincidence? Yes. All the same, with the stock market breaking new lows today, we're happy to welcome you to your nervous nirvana!



S&P 500 on 20 November 2008 - Source Yahoo! Finance

Next stop, the week of 21 January 2009!




Update (20 November 2008, 5:30 PM EST): And now you really can't say you weren't warned! Here's the snapshot of the final carnage in the stock market, as charted by the S&P 500:



S&P 500 on 20 November 2008 at 3:53 PM EST- Source Yahoo! Finance

Pretty nasty. Today's question of the day comes to us from the government offices of South Australia:



When will the stockmarket [sic] carnage end?



Well, we've already answered above, but perhaps a picture would be more appropriate:



U.S. Recession Probability vs Time, 19 November 2005 through 19 November 2009

We're leaving it vague for the sake of artificially inflating our readership on 21 January 2009, but if you follow the Wall Street Journal, you'll see that even one of the deans of the Dow Jones believes that there's not much point in paying attention to stock prices until February 2009 anyway....


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