Great Depression Chart
- Thread starter Darshan
- Start date
To show the other side, I'd be curious to see how much depression talk there was in '73-74, '79-81, '87 and 2000-2002.
I remember well all the gloom & doom of the latter period: declines of 80%+ for Nasdaq / 50% for S&P, 9/11, anthrax attacks, total distrust of corp. accounting due to Enron, Worldcom, etc. but not sure how many Great Depression references there were.
I remember well all the gloom & doom of the latter period: declines of 80%+ for Nasdaq / 50% for S&P, 9/11, anthrax attacks, total distrust of corp. accounting due to Enron, Worldcom, etc. but not sure how many Great Depression references there were.
Great chart, thank you!
Of course, guys like B.Baruch were selling their mother while telling the public the opposite. But most on that list probably really believed what they were saying. In fact, economic indicators didn't start to seriously deteriorate until April 1930 when it was obvious that efforts to reflate were failing (the Fed indeed lowered rates in the beginning). I think only few *realistic* guys like J. Livermore understood there was a lot of air. My opinion only.
Of course, guys like B.Baruch were selling their mother while telling the public the opposite. But most on that list probably really believed what they were saying. In fact, economic indicators didn't start to seriously deteriorate until April 1930 when it was obvious that efforts to reflate were failing (the Fed indeed lowered rates in the beginning). I think only few *realistic* guys like J. Livermore understood there was a lot of air. My opinion only.
The bottom precedes the runaround
Boys and Girls, this is the BIG ONE, Depression v2.0
2003-2006 BUY The DIPS
2007-2013 SELL the rallies.
Am considering selling a kidney to get more margin money and squeeze more from US 401k mamas and papas
. I realise as humans we tend to progress and improve with time, but please just remember that this baby is thre REAL DEAL, even banks in places like South Africa are carrying some of this sh!t. When did you guys last see Q3 2008 securitisation report. Losses have just started. You know how much Citigroup, Babcock&Brown , Barclays have in SIV, Conduits, and other vehicles !?!
I hope my post and ranting proves to be the best BUY signal ever, but if not the WORLD is TOAST !!!
2003-2006 BUY The DIPS
2007-2013 SELL the rallies.
Am considering selling a kidney to get more margin money and squeeze more from US 401k mamas and papas
. I realise as humans we tend to progress and improve with time, but please just remember that this baby is thre REAL DEAL, even banks in places like South Africa are carrying some of this sh!t. When did you guys last see Q3 2008 securitisation report. Losses have just started. You know how much Citigroup, Babcock&Brown , Barclays have in SIV, Conduits, and other vehicles !?!I hope my post and ranting proves to be the best BUY signal ever, but if not the WORLD is TOAST !!!