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Worst Year Ever for Stocks: 'Irrational Exuberance' of 1990s Being Unwound
Worst Year Ever for Stocks: 'Irrational Exuberance' of 1990s Being Unwound
Any way you slice it, the 2008 is shaping up to annus horribilis for the U.S. stock market. Heading into Friday's session, in which an early rally effort quickly faded, the S&P was down 49% year-to-date and on track for its worst year ever.