THE CLINTON YEARS WERE REALLY THE START OF THE "GREAT BUBBLE" THAT BROUGHT DOWN THE US ECONOMY...
CLINTON WAS THE BEST FRIEND WALL STREET EVER HAD...AND THE STREET BETTER HOPE THAT HILLARY IS ELECTED IN NOVEMBER...!
THE DOW WILL HAVE TO FALL AT LEAST ANOTHER 40% TO REMOVE THE EXCESS VALUE IF THIS IS JUST A NORMAL RECESSION...
IF IT'S A GREAT RECESSION...ALA THE 1930'S...THE DECLINE WILL HAVE TO BE EVEN GREATER...PERHAPS ANOTHER 70%... THE RULE OF THUMB IS THERE IS AN 80% TO 90% GIVE BACK AFTER GREAT BUBBLES...AND THIS GREAT REPUBLICAN/CLINTON BUBBLE FROM 1995 TO THE PRESENT WAS MASSIVE BY HISTORICAL STANDARDS...
I THINK THE DOW GOES DOWN ANOTHER 60% FROM HERE...
