The Dow Jones industrial average and the Nasdaq both took a dramatic plunge on Friday April 14, capping several weeks of unnerving fluctuations. A panel talks about what happened and why, whether high-tech securities have been overvalued, and what steps the average investor should now take.
professor of economics at Yale University
author of "The Subprime Solution", "Irrational Exuberance" and "The New Financial Order"
director, economic policy studies, American Enterprise Institute.
editor and chief of the "Kiplinger Letter" and "Kiplinger's Personal Finance Magazine"