Yep I well constructed post. But making comparisons to 1929 just based on "history repeats itself". Please give me a break. If you have actually studied economic history you'll know we cannot see the same level of protectionism that occurred. Moreover, we will (yes "will") see global liquidity improve sooner rather than later as we have never seen a more co-ordinated and cooperative global approach to working through this "crisis of confidence".
Valid points about general caution prevailing and unemployment ticking up but the most populated parts of the plant will not stand for another 20 year + of sufferage.
I have to question the intention/motives of a few here even if they themselves think they are well intending. The market in the ST will continue to be impacted by mutual funds (US) and managed funds (Aust) dumping but this will dry up soon enough and complusory 9% super contributions and 401K will be deployed back into the same set of grossly oversold stocks.
