No. of Recommendations: 1
It's difficult to compare any market correction to the Great Depression. The Dow Jones had skyrocketed almost 500% from 1920-29 and then fell 85% over the next 3 years. Back then stocks could be leveraged at 10x whereas the average investor now can only max out at 2x. The first drop was similar to our recent plummet of nearly 40% but was over 3 months. The next bear rally didn't even make it halfway back before the long, continual slide down. We haven't made it halfway back yet either.

I'm not sure what any of that means but as others have posted, it is different this time, at least as much as 1929-32 was different last time.


P.S. Eric, you don't even needs potatoes in that pot under the bridge. Just try cooking up some stone soup.
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