Like I said yesterday there was never any reason for DOW 10k, dow 10k to begin with was built on nothing but monopoly money. All that cheap money and historical low interest rates created this false economic wealth cycle that was just ready to collapse, and I will go one step farther and say this is WORSE than 1929, I know many will laugh and say no way possible but it certainly is. I dont care what the talking heads say or any professor in economics, this is WORSE than the GREAT DEPRESSION. You may not see it now but you will feel it over the next 2-3 years.
It is finally now that many are saying we are in a recession when in fact it started many moons ago, sad to say that many arent going to say were in for more of a deep, deep, deep recession until it actually takes place.