Mankiw had this graph on his blog. This is a histogram of stock returns by year. The black box on the left is this year. Gives you a sense of the historic nature of the current economic environment. I'd sure hate to be trying to sell a house in this market...
1 comment:
I am just ignoring my 401K and am faithfully putting my 6% in 2x a month in hopes that by the time I retire there will be money there again.
It would also really stink if you were say thinking about building a house right now (me not you...)
Post a Comment