>>>>The FTSE 250 has dropped below 9000 this morning and is still going down. I wonder what will happen to the DOW. Same thing I think. Some way to go to the bottom yet.
>>>
>>>There's no bottom. It can fall endlessly.
>>>
>>>Been there, saw that, and couldn't find anyone who'd have cash to buy the T-shirt.
>>
>>Surely you don't really think what you saw in Eastern Europe is applicable. The U.S. stock market is not going to fall to zero. It goes up, it goes down. It does not disappear.
>
>I often see curious detail about stock market: the less people know about it, the more pessimistic they are on it.

Yes, the quote about sinking endlessly was from one of our economists back then, who was actually working for the UN and had the luxury of not having to worry about survival and the million percent inflation. I guess the guy based his expertise on cases like Argentina, Germany between the wars, Hungary's record inflation and several others.

My comment was on the economy in general, not just the stock market. The market may actually live a different life.