An impressionist’s view of the global equity markets in 2008 — eight index lines tumbling down, a cascade of loss.
See the waves of synchronized selling, the major U.S., European and Asian indices moving together in a shaky dance. Falling, recovering and finally capitulating, ending the year crashed on the floor, disoriented and spastic. There is no de-linking of global financial markets. There is universal suffering.
Which, as Tom Lehrer noted, has a bright side.