Business Report: Putting the Great Stock Dive into perspective - Hawaii News Now - KGMB and KHNL

Business Report: Putting the Great Stock Dive into perspective

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HONOLULU (HawaiiNewsNow) -

The New York Times, using data from Reuters news service, did a chart that will have a calming effect. It shows how small the Monday stock dive was, compared to dozens of others since 1967. Rather than use the Dow, Reuters used the broader S&P 500 index. In addition to showing why this was not as big a deal as it looked, this chart also shows why we freaked. We simply got into the habit of expecting endless increases. If you look at the dates of all these other plunges, it’s been two and a half years since the last one. And it's been seven years since the last major plunge before that.

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