http://www.marketoracle.co.uk/Article61906.html
In late March this year, I posted this great article from Plunger - has all the great charts and foreboding insights.
Read it and compare against where we're at now.
And this paragraph
"Market collapses have signatures. The powerful shocking collapse of 1929 announced a deflationary implosion ahead. No one believed it and read the collapse wrong. It wasn’t until May 1931 that the deflationary implosion signaled by the crash actually surfaced and was recognizable. People blame crashes for economic damage to the economy, but that is not what a crash is. A crash is simply a recognition of the underlying deterioration in the economy which has already occurred. So when I see the daily price action of the Shanghai exchange jump the creek right across the NL with a gapped space on both sides it gets my attention. It is sending us a message."
I am standing on a mountain top and shouting-REDUCE YOUR RISK
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Its Over, page-392
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