Bubble watch: California economy chilled by Wall Street bear markets
Bubble watch: California economy chilled by Wall Street bear markets
“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: The stock market is officially in a bear market downturn, and that’s rarely good news for California’s economy.
Source: Using the definition of a bear market as a 20% drop in the S&P 500 stock index, my trusty spreadsheet looked at what followed the start of the five such Wall Street downturns…