
again from Gregory Mankiw's blog (we should all read it more often).
however, the market is cathing up:
here is 5-y-average for Dow Jones Industrial
But here is what happened right now ()3:19PM EST .
DJ is above 9 thousand!!
Dow 9,000.04 +364.62 (4.22%)
S&P 500 915.67 +39.60 (4.52%)
Nasdaq 1,580.35 +71.04 (4.71%)
10y bond 2.74% +0.02 (0.74%)
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