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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: LTK007 who wrote (252357)6/6/2010 10:41:02 PM
From: RetiredNowRead Replies (1) of 306849
 
Nikkei down 4% now.

Someone posted a Karl Denninger interview. Very interesting. He thinks this thing could grind on for another couple of years, sending the Dow to 2K and the S&P500 to 200. Sounds crazy and hysterical, until you look at what happened a few years after 1929. Then you realize it is entirely possible, especially since what happened back then was prior to Glass Steagal. And we are now in post Glass Steagal days as well. Similar catalysts, similar outcomes.
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