The Ups and the Downs of the Stock Market

America is now 250 years old. There’s been a lot of history talk in recent weeks in the lead-up to the semiquincentennial.1 So I couldn’t help myself but do a little U.S. stock market history. Bill Simmons had Taylor Sheridan on his podcast recently. When Simmons asked Sheridan about his filmmaking style, he said, “Never have a character tell me something that the camera should show me.” I have sim...