dshort

Calling a Depression

Depression? Today's decline moved the S&P closer to the tipping point than decline since the birth of the S&P 500. Here's an disturbing comparison of the current S&P 500 with two post WWII bears and the Dow destruction of 1929-32:

dshort.com/charts/bear...

Hopefully we're nearing a recovery like we did after the massacres of 1973-74 and 2000-2002. But so far, today's market bears an eerie similarity to debacle that marked the end of the roaring twenties.

The thing that worries me most is the financial impact to boomers nearing retirement. The demographic implications are enormous. Delaying retirement may be difficult if a severe and extended recession sends the financially ill-prepared to the unemployment lines.