Economic Insights – August 2017
The U.S. economy and stock market has come a long way since the last financial crisis. And contrary to the view of many, we’ve got a long way to go before the next crisis. Consider the facts.
In March 2009, the stock market started its current bull run. At first, it was a V-shaped bounce from the panic lows, starting after mark-to-market accounting was eliminated.
Next, as the economy slowly recovered, earnings drove stocks higher. But then, between May 19, 2015 and November 3, 2016, the Dow Jones Industrials Average fell 2 p.....