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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (4421)1/5/2009 5:18:29 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
"This is the worst decline we've seen since 1931..."

Yes it is.

My personal hope though --- upon considering the S&P's chart --- is that since about 2/5 of the total market decline appears to have happened in 'relatively good order' over the preceding year and a half (i.e., in a normal manner and magnitude for a fairly serious recession), while the remaining 3/5 of the market's decline happened extremely RAPIDLY over just two or three months in the Fall (making for a chart pattern that resembles a 'waterfall', indicative of PURE PANIC)... that the 'panic portion' of the pricing collapse may be reversed in fairly short order as global panic dissolves... while the remaining 2/5 will come back slower, more in line with the time frame for our economy's natural emergence from the hard recession.

The upshot of such a scenario unfolding would be that perhaps 3/5 of the losses may be reversed in fairly quick order. :-)