Danube
Even the worst market condition of 1929 crash resulted in
86.2 % drop spread over Sept 1929 to June 1932.
Where the government was not able to print dollars as currencies were hedged to gold reserves and also allowed the economy to contract and did not reduce interest rates for fear of inflation.
Whereas now sky is the limit for printing notes, interest rates almost going to zero (US will do cuts from present 1 % to 0 % may be in 2 steps). Hyper Inflation will be the after effect but that would be handled later.
So having already fallen to 53 % (which is a very good psychological value), do still people believe that we have to fall further in the shoter term up to March 2009 ? Or people want to create a record for record sake and completely wipe out the values in one mad down cycle?
Please read also the post made by me taken from Techticker about the market bottom.
Sara
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