So on the bright side, it still ain't a depression era crash (yet)

[Warren Stupidity]

With the S&P high of around 1557, and its low of around 700 today, we are only at a 55% decline in value. The Great Depression saw stock market values decline by about 75%. So the good news is that the S&P would have to hit somewhere around 389 to reach those levels of dismal failure. Of course the observant will note that we have already gone more than half the distance.

If you are Warren Buffet rich, you might consider this a great opportunity for investment, for the rest of us, just hold on tight and enjoy the ride.

[Possumpoint]

1. What Happens Next?

What will it take to stop the free fall. By the government's own admission, consumer spending is 70% of this economy. Many if not most consumers are running scared. They are carrying too much debt and are worried that high energy costs will return. On top of that their jobs may be in jeopardy.

So screw it, I'm not going to spend or buy anything I just don't need. I don't care what the talking heads on CNBC or anywhere else are saying. I'll pay off my debts and save what I can. By the way, I'm still buying energy stocks. I don't see that need falling anytime soon. My investments are still in positive territory.

[nc4bo]

2. Deep recession = Depression-lite?!

That's what I heard a little while ago on CNN :wtf:

whateva CableNutNews.