07-15-2008, 03:33 AM
quote:The October crash of '29 took several years to go from a (then) market high of 250 or so down to just under 50. If we extrapolate the numbers, then our market high of 14,000 (or so) will eventually end up at around 3,000? By sometime around 2010?
Originally posted by tada
Looks like those nasty October crashes are a relic of the 20th century. and I guess because of the instantaneous communication today we suffer tortuous lingering declines.
Are the conditions similar enough for a repeat of history?
Looks like WaMu is still shedding numbers. Will it ever reach a point of "buy"?
Kurt Wilson