Perspectives on where our world is heading from a vantage point in Denver, Colorado.
06 March 2013
Stock Market Recovery Achieved
The Dow Jones Industrial Index fell for about fifteen months from its peak and then took forty-eight months to recover to its predecline level yesterday, for a total downturn length of sixty-two months. A post-financial crisis employment recovery has not yet been accomplished, but this isn't too surprising as stock markets are a leading indicator and employment is a lagging indicator of business cycles.