From the Right Side of Campus

Tag: wall street main street

It’s the end of the world! Oh wait…

No its not. Not even close. Yea the 778 point drop in the Dow is terrible, its even the biggest point drop ever according to CNN. But that sure as heck doesn’t mean we are headed for another great depression. Consider this, while the 778 point loss is the biggest point loss in history it is only about a 7% loss. Compare that to the stock market crash of 1987 where there was a 508 point drop which accounted for a massive 22.6% loss and there was no long drawn out depression which followed that incredible crash was there? But,