Oh wow, this could be 1929 all over again. Back then unemployment reached 25%. It makes you wonder how many will see pink slips in the coming weeks as whole companies close their doors..
Most people forget that the real bottom of the Great Depression did not occur until 1933, four years after the 1929 "crash". After the drop in '33, equities were down 90% from their '29 peaks. Think about it.