Monday, October 25, 2004

Can The U.S. Stock Market Crash Again?: "The market has already completed a counter-trend rally, and the psychology of investors, advisers and economists is dangerously optimistic. The market is probably doing something more akin to what happened in 1835-1842 or 1929-1932 [versus the 1970s]. According to my analysis, the bear market has already resumed, so the crash potential is significant."—Forbes