re: why market not about to collapse Pre 1990 yes your estimates...

re: why market not about to collapse Pre 1990 yes your estimates and predictions could have had some value and currency but not since then. You now have corrections and play pass the parcel. Why? because the market today is over 2 billion stronger in numbers than it was prior to 1990.

The Soviet Union was a closed state as was China to a large extent. The Indian economy was closed and foreign exchange transactions and transfers were difficult to execute in even small amounts because the interne thad not been thatd eveloped yet.

Today the equations have changed considerably to ensure that a safety net of 'fools and new commers' and greater risk takers would enable even the most fickle of stocks to have a parking spot for a while somewhere else defying all market trends.

Whereas there were a million liquid traders in a single market anywhere to provide market liquidity and then the institutional investors to udnerwrite them all, today 100 million jackasses do the job. Unlicensed advisors and traders pass on stocks to one another to pump and dump and more of them come along for the ride collecting the garbage in the hope of finding a jewel amongst the miserables.

So if you are expecting the market to collapse, remember the government itself is turning a blind eye to many of these activities as long as they emenate from abroad so that they are not morally responsible for their losses. As long as the government gets a benefit from claiming the economy is good, it will not fail.