Worst First Half Since... Mr. Ed? David Alan Carter
It’s the mid-year mark, so every news agency that follows business is looking back and making comparisons to this and that. For the reporting class, it’s sport. For investors, it’s pretty glum on the field.
It’s the mid-year mark, so every news agency that follows business is looking back and making comparisons to this and that. For the reporting class, it’s sport. For investors, it’s pretty glum on the field.
- As of yesterday, the S&P 500 was down over 20% YTD, marking the worst first half of a year for the S&P since 1970.
- The Dow Jones Industrial Average is off to its worst start since 1962. In 1962, the Beatles were still performing at The Cavern Club in Liverpool, and those of us old enough to remember were watching Mr. Ed, I Love Lucy, and The Twilight Zone on black and white television.
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