Comparing Past Market Crashes

Since the stock market is all over the news again today, I thought it would be interesting to look at some past stock crashes and see how the current one compares. In the chart below I have graphed the crashes of 1929, 1973, 1987, and 2001 alongside the current fall, with the peak points aligned […]

Poll Update: Dow Drops Below 10,000

Anybody remember the June 8 poll: Sorry to say, but 58% of you were wrong: That took less than 4 months, for those of you keeping score at home. Also note the July 13 follow-up, in which only 30% guessed incorrectly. I just thought I’d point this out to those that are accusing this site […]

A remarkable period in time: a changed market.

I’ve got so many topics to talk about but very little time. I have to start somewhere. Just months ago it was not uncommon (understatement) to see 100% financed nothing down purchase transactions with various ARM’s tied to LIBOR or other indices coupled with hefty pre-payment penalties, interest-only hybrids with no escrow impounds for taxes […]