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Post# of 122338
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shermann7

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shermann7

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Re: DesertDrifter post# 78967

Wednesday, 04/17/2013 6:02:12 AM

Wednesday, April 17, 2013 6:02:12 AM

Post# of 122338
The only crash that I have seen in my lifetime, that I would consider a crash, is the Dot Com Bubble bursting....

Nasdaq went from 5100 to 1100 within 3 years...An almost 80% devaluation...And it has not come close to recovering...

The Stock market went about 50% as a result of the Real Estate problems in 2009, and has recovered to make new highs...

There are ominous signs on the horizon in the Bond market, Currency Market, and derivatives market...We will see what happens.

I really do not like the term crash...But since everyone is using it...To me a real crash is in the 70+% area with the key element being the inability to recover from it....

Shermann
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