Most Severe Market Crash Since Great Depression

[RedEarth]

DOW off 445

S&P500 off 54 at 11 1/2 year low (April 1997).

NASDAQ off 70

graph off the market crash.......

http://calculatedrisk.blogspot.com/2008/11/graph-worst-crash-since-great.html

Another day of cliff diving.

[blueclown]

1. Today was not a market crash.

[Ikonoklast]

4. No, but it was a ' fender-bender'.

You could drive it home, but it doesn't steer straight anymore.

[RedEarth]

5. Not today, but the market crash of 07/08

check this graph out comparing the four major bear markets

http://calculatedrisk.blogspot.com/2008/11/graph-worst-crash-since-great.html


link to yesterdays graph

http://calculatedrisk.blogspot.com/2008/11/four-bad-bears.html

[Phred42]

2. it merely threw up in it's mouth a little bit....

[valerief]

3. They've earned new names.

DOWN Jones off 445

Slip & Perish 500 off 54 at 11 1/2 year low (April 1997).

NASty DAmn Quagmire off 70

[Dr.Phool]

6. Look for my new book soon. Dow 3200!!!!

It's a follow-up to that other guy's book, Dow 32,000!

I'm closer, so I win.

[RagAss]

11. Look for mine; "My Neighbor is Cooking His Dog on the Fucking Grill !"

[Greyhound]

15. Mine; "Help! My neighbor's trying to cook me on his fucking grill!"

[RagAss]

16. LOL !!!

:rofl: :rofl: :rofl:

[ORDagnabbit]

7. number of us have been posting for a few years about the coming crash but we always got shut down...

so sad... hope everyone paid attention.

[MercutioATC]

8. Yep...I got tired of being called Chicken Little so I just shut up.

..after I pulled all of my 401k out of equities, of course...

[Nay]

18. Same here. We got out early, warned ppl for years, were thought of as

fruitcakes. Oh, well. Being right can be hell.

[TheWatcher]

9. Sadly, most did not.

It was more important to many to feel good, and live in false paradigms of perception management that justified believing in any lie they were told.

Comfort and Complacency over Common Sense.

Interestingly enough, I'm starting to see a lot of heads raise out of the meadow with scared looks on their faces.

I'm not enough of a heartless bastard to tell them "I Told You So", and It's too heartbreaking to tell them that It's Too Late.

We are in for a very rough ride.

Some of us are not going to make it.

I hope the majority of us will.

[readmoreoften]

10. Yes the "I'm reasonable because I think nothing historic will ever happen" crowd.

"Nothing will happen you bozos! It's all under control you whiners! The Iraq war will be mission accomplished in no time! Flowers and kisses for us, soccer balls for them. The stock market has been great for 20 years, so it will be fine for the next 50 years, and since that's my life span, it's all I really give a shit about..."

Yeah, that crowd.

[TheWatcher]

12. The sad thing is, that a lot of these people are not bad people at heart.

They simply did not want to know, or could not handle knowing, the truth.

The Power Of The False Paradigm and Willful Ignorance is a most daunting thing to overcome, and as a nation, we have miserably failed to do so.

The people were willing to put their own well being, as well as that of their families, their fellow man, and their country, above facing the hard reality before them.

Like I said, I am beginning to see a lot of naysayers now very scared and concerned by what we face.

And what should scare you even more, is that, unfortunately, more than likely, even at this late date and reality that can no longer be reasonably denied, if TPTB can come up with any tonic to return them to their fantasy world and false paradigm that they have clung to for so long like an infant to it's favorite toy, they will choose the tonic over takling action and dealing with the circumstances they know can no longer be avoided.

I hope I am wrong,

I really do.

History tells me I'm probably not.

[readmoreoften]

13. It's also a neoconservative cultural meme. The whole "Capitalism is the End of History"

Francis Fukuyama thing. This is it. Nothing ever happens from here on it. We're all postmoderns and postmarxist. Things just go up and down with the market. Stupid former 3rd world countries fight because they are less wealthy a.k.a. intellectually and morally inferior, but eventually these brown people will get it--with our military assistance--even if we have to kill them to save them--and by saving them, we mean giving them a chance to be "free like us."

And to a certain degree, being 'free' means being free from history, consequence, change, and failure.

[Greyhound]

14. You mean something along the lines of, "we have to give them a trillion dollars!!!"

It sucks being right, when all you see coming is bad and worse.

You are much more forgiving of them than I. Maybe it's from being on the receiving end of their fantasy for almost a decade after trying to warn them for a quarter century.

[arcadian]

17. You know it's really not that difficult.

I am by no means an economist, but I do know that what goes up must eventually come down.

[malaise]

19. And down go the Asian markets

as I type.

[dysfunctional press]

20. will the "bargain-hunters" be out tomorrow...? or are we looking at a blacker than black friday?

:popcorn: