shotgunner
Full time employment: Posting here.
- Joined
- Jun 18, 2008
- Messages
- 538
I was watching Kudlow last evening and one his guests was Don Luskin who reported an attention grabbing statistic. That is we are now 516 days after the high was reached on the DOW and we are down about 55% vs only 46% at the same point in time following the market peak in 1929.
Hopefully this fall will stop sooner and not go as far as the 89 or 90% drop the Dow took after the crash of '29, BUT, at this point in time we are in unchartered territory and FireCalc does not have a more worse case scenario than the Great Depression thus making for a potential it's probabilities of success or failure much less reliable. YIKES!
Hopefully this fall will stop sooner and not go as far as the 89 or 90% drop the Dow took after the crash of '29, BUT, at this point in time we are in unchartered territory and FireCalc does not have a more worse case scenario than the Great Depression thus making for a potential it's probabilities of success or failure much less reliable. YIKES!