Source item
Open original source ↗@modestproposal1 (2) BTW, S&P 500 Operating Earnings dropped over 30% in 2001 (vs 2000), in what was really only an economic slowdown, not a bad recession. The TMT capex boom ending had a huge (and immediate) effect on corporate profits. The S&P 500 itself dropped 40% by 2002. https://t.co/jeYZoR1MAZ