It has become more common to measure the success, or health, of the game by things like the revenue generated by the teams. This is not unlike measuring the state of the American economy by looking only at the Dow Jones Index. It may give a good heuristic of the economy, but it misses a lot of important aspects.
Last week, the Dow Jones Industrial Average dropped over 600 points, sparking a Gold Bug swoon. Rob McEwen, the executive chairman and chief owner of McEwen Mining has been in the gold mining business for 25 years. So, I turned to him for wisdom and experience on today's dance between the Dow and gold.
On October 19, 1987, the Dow Jones Industrial Average lost 508 points (22 percent). There are many theories as to why the crash occurred, but the simple truth is that the panic stemmed from a sharp rise in interest rates. Likewise, another stock market crash awaits investors on the other side of tapering.