The current stock market crash has slipped from mere serious recession levels to the
deeper decline seen in the Great Depression and seems to be staying on this track. It has already fallen further than the 1973 oil crisis and the tech bust at their lowest points.
2 comments:
The stock market fell 90% during the Great Depression. So far it has fallen only 50%. I'm thinking 70% is in order this time around, which would put it at around 4250.
The link has a chart of how many months we are into a bear market against how far it has fallen. By that measure we are now at a Great Depression trend line.
I have to agree that we will probably fall not as much as the Great Depression, but more than we have so far. You may be right.
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