I made a comparisment between the DJ of today to the DJ of '29 - '34.
If history repeats, we are in for a long and deep depression.
Corrections happen in 3 waves A, B and C. We are about to complete a wave A.
Wave B retraced 50% in '30, that would put us at about 10000 today. Then a deep wave C came and a same correction would put us at 3500. Twice as low as we are today. Recovery won't be until 2012.
Hopefully it won't happen...
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