Tuesday, February 10, 2009

4 bear markets

Here is an interesting graph of the four worst bear markets in the US since the Great Depression. Interesting to me is that we keep hearing how our current situation is similar in magnitude (if not worse which it may be) than the Great Depression. That lends me to believe that we will follow the path of the DOW in the early 30's and it will go down quite a bit more (regardless of what Obama, Congress, Geithner, and Bernarke do).

http://www.calculatedriskblog.com/2009/02/cliff-diving-us-stocks.html

Apparently the market wasn't too thrilled with Geithner's bail-out "plan" which, of course, has no details in it.

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