Well, today, September 5, 2007 the Stock Market is about 150 down points as of 11AM eastern time. I do not hear any of the brain power on CNBC or any other Financial News Organization discussing the history behind the 1929 crash. Some Background, there was a rebound in the short term in late 1929. It was a period of several months and several poor decisions by Congress, (Smoot-Hawley Tariff in 1930) that helped to exacerbate the Great Depression (along with buying stocks on margin). I am not suggesting that will be the case in 2007. However, The ebbs & flows of the Business cycle and the need to clear up the mess from the "mortgage debacle" No-Doc Loans, No Money down loans etc. is paramount. Let me know your position....................
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