The Stock Market Crash Of 1929 And The Great Depression
The editor and publisher of the Gloom, Boom & Doom Report said Monday on CNBC’s Trading Nation ” that stocks are likely to endure a gut-wrenching drop that would rival the greatest crashes in stock market history. On the other hand, the financial crisis of 2008 may have affected people’s expectations in qualitatively different ways than the more gradual changes witnessed in 2002, especially if people had different views about the condition of the economy in 2002 and in 2008.
The answer to this could end up being worth at least $2.2 trillion, which is how much money would essentially be wiped out of the stock market if we finally get the much-discussed 10{bf6128eaee7daf804a40e739f155a69f2d5a72ca2bacccc9954495bcd60bdcac} correction in the overall market (the total U.S. stock market capitalization was $22.5 trillion as of June 30, according to the Center for Research in Security Prices).
In addition, stock market expectations are of methodological interest …