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I was at Insperity in 2001. The economy had already been shutting, losing appetite for dotcoms and reframing sucess metrics from headcount to revenue ( etc
This is unlike that or 2008 or other bouts of indigestion
In those economies the 'light at end of tunnel' was CEO's plotting to restore/resume equilibrium, now they know don't know what that means anymore. How do you 'price unknown unknown risks'.
Ain't pretty, that's how

I was expecting this, but not so violently
btw, Greenlight, Reservoir and First Boston shorted my $NSP stock, ILLEGALLY, then we squeezed the stock from 2 to 60 in 5 years!!
See 2001 to 2006 chart (it did stock splits)
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