Emerging Markets cratered 40%.  Commodities fell over 25%.  The dollar rallied over 20%.  Asia looked like it was falling apart.  The US Stock Market fell 18%.

I’m not taking about now, I’m talking about 1998.  Right before the US had the best GDP growth rate of the recovery.

Things that appear so obvious are not always so.

The Cost of Getting Scared Out of Stocks in 1998