2008 Market Crash Is Worse Than 1931 Sell Off (Until December)

I like writing about articles way after they come out (sometimes months, even years).  The reason is obvious - I want to see if their predictions and thoughts about where things are going were actually true or not.

There are so many folks out there who present themselves as experts and so many who got it terribly wrong.

This article in the NYT is not one of those articles, but it was printed over a month ago.  And in these markets, that is an eternity.

This article doesn’t shed too much on Great Depression history, but it is telling.  It has to be taken with a grain of salt though, as it is really early in the process.  The article is filled with great statistics of the 1931 and 1937 crashes (both played a huge roll in keeping the Great Depression going).  It shows how terrible 2008 has been (until the bear market rally of December 2008).

It is a quick read and a good source of information.  Read the entire article here.