In 1997, when the Asian economic crisis began, talking heads everywhere were tripping over each other trying to be the first to call the recession. It didn't happen because the fundamentals of the economy were healthy. Inventories were lean and productivity was rising, and, after some adjustments, the party resumed. Stock markets inflated in 1999 as the Federal Reserve began pumping excess cash into the economy to prevent a Y2K bank run. The bubble burst when The Fed withdrew that cash.
Stocks always go up and down, sometimes more dramatically than others.
Because more Americans own stock than ever before, the first ride up and down was both thrilling and terrifying, but it has little effect on the core indicators, which are actually pretty rosy. So don't throw the baby out with the bathwater. The economy may be sputtering, but it's still moving forward. Earliest info on new businesses, homeowners Sales Prospecting Center Real info, real opportunities. Hire Greater Washington Fill an opening, find a job Internet Directory Local businesses on the web Legal Center Hundreds of business legal tools Office Products Special deals on equipment, supplies.