U.S. stocks are near all-time highs while the OECD predicts the weakest growth in a decade and financial officers expect a recession next year and one of the world’s top investors has “sounded the alarm about the state of the world’s economy.” DON’T worry—stress is the real killer.
The Dow Jones Industrial average fell 831 points today, a three percent drop and its third-largest one-day drop ever. (The top two came this past February.) The Nasdaq took a four percent hit, dropping over 300 points. The S&P 500 dropped over 3 percent, too. Seems bad, or good, or completely inexplicable.