# Acclimated to Severe Turbulence

<http://blogs.law.harvard.edu/philg/2009/03/05/stock-market-down-425-percent-not-a-front-page-story/>

- Host: [blogs.law.harvard.edu](https://links.thingelstad.xyz/hosts/blogs.law.harvard.edu/)
- Saved: March 6, 2009 (2009-03-07T02:10:30Z)
- Record: https://links.thingelstad.xyz/links/34fe0f3f98ab/
- JSON: https://links.thingelstad.xyz/links/34fe0f3f98ab.json

## From the page (probably an excerpt, not Jamie's words)

Philip Greenspun:



  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.



For context, consider this, from Harper’s Index:



  Number of times in 2008 that the S&P 500 closed up or down 5 percent in a single day: 17

  
  Number of times between 1956 and 2007 it did this: 17




 ★

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Same host

- [More cold water from Gregory Clark](https://links.thingelstad.xyz/links/d6f1b3b0e760/) (blogs.law.harvard.edu, August 16, 2009)
- [Analysis of home prices in terms of weeks of work](https://links.thingelstad.xyz/links/1781c595c60e/) (blogs.law.harvard.edu, January 13, 2010)
- [Wikileaks FAQ](https://links.thingelstad.xyz/links/8e7101b083d1/) (blogs.law.harvard.edu, December 11, 2010)
- [A sense of bewronging](https://links.thingelstad.xyz/links/2438acb687d1/) (blogs.law.harvard.edu, April 3, 2011)
- [Take us to The Rivers](https://links.thingelstad.xyz/links/72ebf7526d02/) (blogs.law.harvard.edu, May 8, 2012)

## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/http://blogs.law.harvard.edu/philg/2009/03/05/stock-market-down-425-percent-not-a-front-page-story/