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  "title": "Acclimated to Severe Turbulence",
  "note": "Philip Greenspun:\n\n\n\n  This evening’s New York Times was worrisome. An inset box showed that the S&P 500 had fallen 4.25 percent for the day, wiping out roughly a year of investment returns. A few months ago this would have been the top story. Today, however, it did not even make the front page.\n\n\n\nFor context, consider this, from Harper’s Index:\n\n\n\n  Number of times in 2008 that the S&P 500 closed up or down 5 percent in a single day: 17\n\n  \n  Number of times between 1956 and 2007 it did this: 17\n\n\n\n\n ★ \n",
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