... Two of the following would have to happen: greenback would have to dive, gold skyrocket, banks/brokers lose another Lehman or seriously bad Goldman truths become real time news.
.... As they say in fiction: all else would depend on the suspension of disbelief, or the loss of another "five years of wealth" in a very short period of time.
I will not say it cannot happen.
I am thinking it would have to be a 1931-33 level of correction after the 1929. My estimate would be a 40-50% correction; time wise it could be 2012. But since the market depends on the behavior of the investors, it could be the last Tuesday before the witching hour in May 2010. [ -- or earlier. Time2Work, 5/4/2010]
Disclosure: not applicable