Reply #17: That sort of drop isn't going to happen

[Zynx]

And using history to model current economic patterns is a badly flawed idea. You can predict that bubbles will pop - but you can't predict exactly when and how bad. Etc.

As far as the stock market losing %-wise what it did in 1929 - impossible. September 11th pretty well illustrated how far things can fall short of a gigantic natural disaster - and if you bought good stocks when people sold off that much on 9/11, you're sitting pretty right now.

You won't see Dow 8000, period, and I'm pretty sure you won't see Dow 9000. That's because a drop towards 9500 would be more than enough to make a lot of stocks really, really cheap and attractive. There's short term support at 10,000 itself for that matter - just watch the market bounce early next week.

The only way you'll ever see another Great Depression in this country is if you have a massive natural disaster - Yellowstone, New Madrid, SF or LA flattened by quake, hurricane on New Orleans - or the entire housing market went pop AT ONCE - which isn't going to happen.