There is no support obvious level for any index made up of basically "insolvent" companies.
Why limited comparisons of 98 & 00 when we've heard from Mozillo that housing market as bad as great depression, at least for him <g>.
Only saving grace for US and China is our growing populations which underpins the fact that recessions only will be temporary.
Germany and Japan whose population growth less then 1/2 aforementioned, their economies will feel contraction more pronounced and extended. DAX just ben getting crushed and they got less reasons (young people) for hope.
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