trending tuesday, page-52

Well, it is hard for me to accept that we will follow the great depression of 1929 to 1932, and stock will loss nearly 90% from its peak.

The current situation is as bad as what is in 1929. But there is fundamental difference, the government intevention. Government did not do anything until 1932. Guess what happened? Stock rally.

Well, I believe current situation is more or less like 1974 crash, which is also in the middle of commodity boom, with heavy goverment intevention, including buying bank shares in UK.

And remember Buffet rare and first buy comments made in public. It is in 1974. Of course, we hear it the third time, Oct 17 2008.