In only half the cases, however, was the market drop followed by an economic contraction.
So I see the market drop in a selfish way.
Both stocks had plummeted earlier this fall with the overall market drop.
In other words, to break even, the buyer would have to see the market drop by that much over the period.
Its endowment of about $225 million has also been affected by the market drop.
But the effect of the market drop will not be seen until these companies release their first-quarter reports in April.
One trader said yesterday's market drop was "really not very meaningful."
He thought he could get by working part-time, but the market drop may keep him on for many more years.
Following this summer's market drop, it took less than four weeks to recover half of what stock indexes had lost.
But last week's market drop made a tough situation worse.