Some economic downturns are worse than others.
This is one of the good ones. James Fallows Just a year ago, Wall Street veterans were worried about the new class of daytraders. The problem with these greenhorns, the old-timers said, is that so few seemed to consider the possibility of a bear market. They could not imagine stock prices slipping for months - and then really beginning to plunge. Well, that's one problem the Nasdaq's collapse may have solved.