Following the 29 crash the Dow retraced back to the 200 sma in April 1930. After that - The Sh*t just continued to hit the Fan for about 2 more years and 80% down. The Dow did not recover that level again until => 1954.
what happens if this time the government got it right and headed off the next depression? maybe we dont get the next leg down.
For those who didn't know - the Dow is currently slightly under its 200 sma after a big bounce. Similar to 1930.
I'm expecting something similar to Japan, England may show us sooner. As far as a Depression crash, commodity prices will have to weaken again, severely. That happened before the second leg down in Depression. I'm not sure the equity market will be the first ones to get it. Either way, I'm beginning to not care. Buy and hold is trash and I'm not liking swing trading much with the government all over the place. So if just intraday, eh, what's the difference. I submitted Obama for the lulz
too much money has been pumped into the system to keep it afloat, markets can still go down steadily and new money will keep on trying to bail it all out. end of the day US$ will suffer but that was the plan to begin with.
Zoot Suit Riot!!! <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/1IqH3uliwJY&hl=en&fs=1&rel=0"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/1IqH3uliwJY&hl=en&fs=1&rel=0" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object> http://www.youtube.com/watch?v=1IqH3uliwJY