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BB&T Corporation Message Board

  • cook.scott69 cook.scott69 Aug 8, 2011 3:21 PM Flag

    1929-1954

    The market began to crash in '29 and bottom'd out in '33. The Dow Jones did not get back to 1929 highes until 1954, or 25 years.
    1. It took 3 years to loose 90% of market value.
    2. 25 years to get it back.
    3. Don't think for a second it can't happen again.
    4. Economist are good at telling us why things happened, not too well what's going to go on in the future.
    Our debt situation is much better than Europe, but look how Greece affected our market. Italy will be much worse. Keep you powder dry boys, the fighting may just be beginning.

 
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