Think you've made a killing in Wall Street's recent run-up? Don't count your chickens too fast, warns The Venerable Grouch: "Stock market watchers are smiling now the Dow has recovered 20 something percent since it fell 50 percent from its peak. But grouches remember the lesson of fifth-grade math – it’s probably what made them grouches -- to regain its original level, a drop of 50 percent requires a rise of 100 percent."
Friday, April 10, 2009
Less Than Half Full
Think you've made a killing in Wall Street's recent run-up? Don't count your chickens too fast, warns The Venerable Grouch: "Stock market watchers are smiling now the Dow has recovered 20 something percent since it fell 50 percent from its peak. But grouches remember the lesson of fifth-grade math – it’s probably what made them grouches -- to regain its original level, a drop of 50 percent requires a rise of 100 percent."
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Venerable Grouch
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