I bet nobody listened to the folks in 1930 either

when they said:

REMEMBER: In 1930, They Didn't Know It Was "The Great Depression" Yet
http://finance.yahoo.com/tech-ticker/article/500654/REMEMBER:-In-1930,-They-Didnt-Know-It-Was-%22The-Great-Depression%22-Yet

From The Business Insider:

In the past year, we've written a lot about the similarity between the rally of early 1930 and the one we had through April of this year.

The early 1930 rally came after the market had fallen nearly 50% in the fall of 1929. The spring 1930 rally took the market up nearly 50% again, to a level that was only about 20% below the previous peak.

That rally, of course, was also the biggest sucker's rally in history. After the market peaked in April 1930, it crashed again, eventually ending up down 89% from the 1929 high and more than 80% from the 1930 high. The market did not reach the 1930 high again for another quarter of a century.


/snip

I know how they feel.

don't do that!

Disclaimers from now on.....

you may be right.

The bottom was reached in 1932, after Credit Anstalt collapsed in Austria.

Watch for a major European bank collapse to signal the end stage of state monopoly capitalism.

and the ramifications for the EU