All I know is that the market lost about 90% of it's value in the Great Depression of the '30s, but I really don't think that can even happen in this day and age.
I do think it's VERY POSSIBLE that we could test the lows we saw after the Y2K plunge to around 7500 in the DOW if somebody doesn't get a handle on this pretty soon.
Hell, we could be there this week if this thing gains any more momentum to the downside. They don't even put on the brakes in the DOW now until it's down like 1200 points in one day.
We're not even two full days from 7500 if we go limit down a couple of times this week.
One thing that seems like a sure fire way to get stocks to go up is to print money and devalue the dollar. Don't know if they'll go there though since the dollar has already been cut in half since dimwit became our Dear Leader, although they do seem to be running short on other options. ??????
It would stem the tide of deflation we're now in. And silver/gold would be AWESOME!!!!
LOL
McBUSHIE'S choice of Palin was irresponsible, dangerous and insulting to America's intelligence. That choice and his continuing smears/lies prove he'll do anything to win this election even to the point of endangering his own country.DEFEAT HIM!
