Which if I remember correctly, caused credit contraction, which either caused or exacerbated a recession in the early 90’s.
Exactly. And the stock market took a couple deep (but short-term) hits during the period. Worst drop during recession was about 18%, but recovered within about 6 months.
This was nothing like the over-exuberant market of 2000. When recession happens I’d expect a 6-18 month market correction of 15-20%. Not a repeat of the late 90’s overinflated stock bubble. Just my opinion.
