Hi Westi, in the article, <<The grinding 1973-74 bear market ... From January 1973 to December of 1974, the Dow fell 45% and the Standard & Poor's 500 lost 48%. If stocks were to suffer a similar decline now, the Dow could fall to 6448, or another 27%, and the S&P to 794, or 14%>>
If this is all that the equity market manage to accomplish on the downside, then Greensputin's answer, "yes", to the question whether the bubble was worth it or not would be correct.
<<The Crash of 1929. While few market watchers draw comparisons ... possibilities are frightening. The Dow would have to melt down to 1,291 if it were to endure the same 89% crash suffered between September 1929 and July 1932>>
I also doubt this outcome, but unlike these folks:
<<But most say that there's no sign that the current bear will be nearly as bad.>>
I am not waiting around to try to spot for the signs.
Run away when I can, not when I have to.
Chugs, Jay |
