ch.annel2-i.s-n.ow-a.ngry

Sure, most of the crash of 29 and the great depression stock loss happened that October - we just had our black October, you can see it in the huge drop at the end of the blue line. But there’s no reason for things to get better until things start getting better, and with unemployment setting records there is no way we’re in for a quick recovery. Putting money in stocks right now is guaranteed to lose you money in the short term unless you are really lucky. And by short term, I’m guessing next 2-5 years.  Banks and businesses are failing left and right. Titans of industry, $2 trillion dollar Citi is about to collapse like the house of cards it has proven to be. I’m guessing many people called a bottom to the crash of 29 after the month of October was over, because it was so bad, how could it get worse?  And they were sorta right, they had a slight recovery, but went on to skid for nearly three years and remained nearly flat until the 80s & 90s. After that, there was an exponential curve, a parabolic arc up that gravity eventually catches. People have been calling a bottom to markets since January at least. How long before companies on the Dow Jones index start going bust? Good thing they replaced AIG with Kraft a few months back - or maybe not, since Kraft has actually lost a higher percentage of net worth since the switch.   If it were just America, it would be one thing. But this thing is global, folks, just like the Depression 1.0 - this will take a while to recover from, even if it doesn’t turn out to be Depression 2.0.