But then the savviest of investors began bailing out. Since then, investors have decided earnings do matter. The Nasdaq index has been cut in half as value stocks enjoyed a resurgence. But many Internet stocks are down more than 50 percent. He said he will see a financial planner this month.
Energy prices are up.
Debt levels are higher. Loan quality has deteriorated, and banks are pulling back. It all starts to feed on itself. Then job growth slows. Income growth slows and that leads to further cuts in demand.