johnaus - garden variety correction wednesday, page-47

Here's what I mean. The Dow Jones Industrials - a log chart using yearly bars:

Is that really so scary?

It's always good to keep in mind the following from Robert Shiller, the mild mannered economics professor from Yale and one of the first to blow the whistle on the real estate bubble in America:

"We should remember this from high school science: always pay attention to units of measurement. Get the units wrong and you are totally befuddled."

Good luck
Redb