UNLESS AND UNTIL AT 80% LOSS IS ESTABLISHED THIS MARKET HAS MORE TO FALL...
THE TYPICAL BUBBLE "GIVE BACK" IS 80% TO 90%....
THIS IS A SERIOUS MEGA-BEAR MARKET WITH MAJOR BANKING TROUBLES.... SO THE 80% RULE SHOULD APPLY...
IF IT IS THE DOLLAR BUBBLE THAT IS BURSTING AS I SUSPECT IT IS...
THIS COULD BE AN UNCHARTED DECLINE... EVEN 1929 DOES NOT APPLY HERE AS IN 1929 THE US WAS THE INDUSTRIAL POWERHOUSE OF THE WORLD...SORT OF LIKE CHINA IS TODAY...
TO COMPARE 2008 AND 1929 IS LIKE APPLES AND ORANGES...
MY HUNCH IS THAT THE DECLINE WILL BE MORE LIKE GERMANY IN THE 1920'S...A HYPER-INFLATIONARY IMPLOSION CAUSED BY MASSIVE DEBT...
