Comments on: Obama faces bigger crisis than FDR with fewer options http://blownmortgage.com/2009/01/19/obama-faces-bigger-crisis-than-fdr-with-fewer-options/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sun, 08 Nov 2009 16:51:22 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Fielding Mellish http://blownmortgage.com/2009/01/19/obama-faces-bigger-crisis-than-fdr-with-fewer-options/comment-page-1/#comment-71209 Fielding Mellish Tue, 20 Jan 2009 02:52:45 +0000 http://blownmortgage.com/?p=2080#comment-71209 I contend that 2009 is 1930. A lot of people nowadays are saying: "This isn't nearly as bad as the Great Depression. When Roosevelt took over, unemployment was over 20%..." They forget that Roosevelt wasn't sworn in until 1933 - that's three & 1/3 years after the stock market crash of 1929. If the crash of 2008 follows the pattern of 1929, we may be 2-3 years away from the bottom of the stock market.<br><br>Graph of the Dow in the '20's:<br><a href="http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=1920" rel="nofollow">http://www.djindexes.com/mdsidx/index.cfm?event...</a><br><br>Graph of the Dow in the '30's:<br><a href="http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=1930" rel="nofollow">http://www.djindexes.com/mdsidx/index.cfm?event...</a><br><br>If we get a 15% rally over the first 4 months of 2009, it might be time to shift everything to cash. I contend that 2009 is 1930. A lot of people nowadays are saying: “This isn't nearly as bad as the Great Depression. When Roosevelt took over, unemployment was over 20%…” They forget that Roosevelt wasn't sworn in until 1933 – that's three & 1/3 years after the stock market crash of 1929. If the crash of 2008 follows the pattern of 1929, we may be 2-3 years away from the bottom of the stock market.

Graph of the Dow in the '20's:
http://www.djindexes.com/mdsidx/index.cfm?event...

Graph of the Dow in the '30's:
http://www.djindexes.com/mdsidx/index.cfm?event...

If we get a 15% rally over the first 4 months of 2009, it might be time to shift everything to cash.

]]> By: Fielding Mellish http://blownmortgage.com/2009/01/19/obama-faces-bigger-crisis-than-fdr-with-fewer-options/comment-page-1/#comment-14196 Fielding Mellish Tue, 20 Jan 2009 01:52:45 +0000 http://blownmortgage.com/?p=2080#comment-14196 I contend that 2009 is 1930. A lot of people nowadays are saying: "This isn't nearly as bad as the Great Depression. When Roosevelt took over, unemployment was over 20%..." They forget that Roosevelt wasn't sworn in until 1933 - that's three & 1/3 years after the stock market crash of 1929. If the crash of 2008 follows the pattern of 1929, we may be 2-3 years away from the bottom of the stock market.<br><br>Graph of the Dow in the '20's:<br><a href="http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=1920" rel="nofollow">http://www.djindexes.com/mdsidx/index.cfm?event...</a><br><br>Graph of the Dow in the '30's:<br><a href="http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=1930" rel="nofollow">http://www.djindexes.com/mdsidx/index.cfm?event...</a><br><br>If we get a 15% rally over the first 4 months of 2009, it might be time to shift everything to cash. I contend that 2009 is 1930. A lot of people nowadays are saying: “This isn't nearly as bad as the Great Depression. When Roosevelt took over, unemployment was over 20%…” They forget that Roosevelt wasn't sworn in until 1933 – that's three & 1/3 years after the stock market crash of 1929. If the crash of 2008 follows the pattern of 1929, we may be 2-3 years away from the bottom of the stock market.

Graph of the Dow in the '20's:
http://www.djindexes.com/mdsidx/index.cfm?event...

Graph of the Dow in the '30's:
http://www.djindexes.com/mdsidx/index.cfm?event...

If we get a 15% rally over the first 4 months of 2009, it might be time to shift everything to cash.

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