FinallyRetired
Thinks s/he gets paid by the post
- Joined
- Aug 1, 2002
- Messages
- 1,322
Is this the panic of 2008? The 1907 Bank Panic resulted essentially from bad loans and ended in:
1 - banks failing and JP Morgan bailing out some banks
3 - a recession
4 - market down 50%
So, let's see:
1 check
2 probably check
3 probably not, but
Good thing, by Feb 1908 the panic was done. If history repeats, we may be in for a bad summer but a great buying opportunity by early next year.
1 - banks failing and JP Morgan bailing out some banks
3 - a recession
4 - market down 50%
So, let's see:
1 check
2 probably check
3 probably not, but
Good thing, by Feb 1908 the panic was done. If history repeats, we may be in for a bad summer but a great buying opportunity by early next year.
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