Wall Street Journal: 1937 vs 2010

Read this article.

My observation
The chart suggest that the stockmarket may be headed for a steep fall, if 2010 follows 1937. The extent of the fall is another 35%. Is this likely to happen?

I belong to the pessimistic group - and believe that a second dip is likely to happen. The government debts ins Europe, USA, Japan and other countries is serious and needs to be corrected. We can muddle along with government stimulus and low interest rate, but it will create problems, i.e. asset bubbles,

Read this article by Nobel Prize winner, Paul Krugman. I agree with his view on most matters, including this assessment. He speaks plainly and honestly. Listen to him.