Thoughts and discussions in economics, finance and history, with focus on China's interactions with the global economy.
Wednesday, March 10, 2010
Ten years after dot.com bubble
Comparing market performance after big crashes...
(click to play video; source: FT)
The pattern is the market usually go on sideways for a VERY LONG TIME after big crash. This offers a sober lesson for those who got too excited in predicting a robust recovery.
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