Re: 17 Days Left Till There Is No More Market
- From: Fogarty <rockonnospam31542nospam@xxxxxxxxxxx>
- Date: Thu, 20 Nov 2008 20:48:35 -0600
There will always be a market.
In the huge market decline of 1929-1933 that signaled the beginning of
the Great Depression, the Dow Jones Industrial Average declined by an
amazing 90%. In today's terms, that would be equivalent to the Dow
going from 14,000 last year down to only 1400 (!!!) by 2011.
Yet the stock market continued to trade, every day, right through the
1930s, same as always.
I hope you're right. But if this particular recession/depression has taught
us anything, it's that history is not always a guide. That market declined
by 90%. What's to stop this one from declining 100%?
I'm just a realist losing big money hand over fist every day it seems, but
I'm not a prophet of doom. However, we're on a train ride to hell in the
next few weeks with apparently nothing on the horizon to stop it.
I would certainly welcome your opinion as to what is going to stop this
panic-stricken, out-of-control market from going down 100% shortly. "There
will always be a market" may not count this time. What's going to keep it