momomiester

Two Big Bounces: 1929 vs. 2009

I am not really bullish here but this comparision to 1929 on a chart is kind of silly. We did not have such a diversified economy back then. There were no computers, health care, entertainment was at min. Mutual funds didn't exist and people didn't have financial planners or other long term instruments geared for retirement. The economy during those days was mainly heavy industry and manufacturing so to assume that the market will do the same is really pushing it. Plus, the socialized part of our economy will provide some lift in certian areas. I just think things are more complex than that.