Saturday, November 26, 2011

A Bad Sign?

Via nc links, Bloomberg leads with a bad historical precedent:
U.S. stocks fell, capping the worst Thanksgiving-week drop since 1932 in the Standard & Poor’s 500 Index, as S&P cut Belgium’s rating and a report said Greece is demanding private investors accept larger losses on their debt.
I hope we don't see economic news in 2012 which is similar in nature to 1933, but I can't say I'm optimistic that we won't.

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