Stone Garden Economics

Finally, the long-awaited U.S. stock market “correction” has come. In late August and early September (I am writing this on 3 September 1998), the Dow-Jones Industrials index dropped to around 7,700 points, down from a lofty 9,300 points just weeks earlier. That is down seventeen percent from the peak—and the markets may have fallen further by the time you read this column. Where you right to panic, sell your stock, and convert to bonds? . . . → Read More: The Bear Has Come, the Bear will Go Away