Replies to post #101920 on Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>>If you're talking about a possible 20-25% haircut here, I'll agree, but please don't call that a crash.<<<

What's wrong with "20-25%" being called a crash. It looks to me that's about what the 1987 "crash" was. This has been a bear market of first. Expect the unexpected. We never had a bubble quite so big. I think it is reasonable to speculate that we could have acrash after a 80% drop fron extraordinary lofty levels.

[Joe Stocks]

Another chart of interest showing how much different things may be now from other times that may have faced a "crash".
According to this chart we could very possibly see much lower levels. Maybe we get there quicker with a crash or maybe greenie can manufacture a soft landing at much lower levels. Who knows.

[federal reserves]

ajtj99> No crash?

Ok, right you are, I'll just call it

"THE BIG ACCIDENT OF 2003!"