It was the worst first four months of the year for the stock market since the 1970s! No, the 1930s! Can’t we just say it was a really bad start to the year?
“Bad” might not do it justice. After dropping 3.3% this past week, the S&P 500 index has fallen 13% during the first four months of the year, its worst start since 1939. But the Dow Jones Industrial Average, after falling 2.5% for the week, has slumped 9.2% in 2022, its worst start since 2020. Not to be outdone, the Nasdaq Composite tumbled 3.9% during the week, putting…