If you correlate the Dow of March 1937 to the Dow of April 2010 by percentage below post crash highs, you get a really, really ugly chart:
Just saying, with the whole foreclosure paperwork mess (the Village cool kids are calling it "Robosigning") that we're juuuust about due for a hideous little meltdown here. 40% below our post-recovery high would put us into Dow 6300 territory by the end of the year if this thing continues to hold true.
Have a nice day.
Monday, October 4, 2010
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