Read about Kondratieff Winter and Elliot Wave Cycles
In Kondratieff terms we are headed into the Winter cycle with a bottom sometime in the 2012-15 timeframe (K Winter wipes out all the bad investments made during the previous economic boom)
In Elliot Wave terms we are headed into an economic correction that is ONE CYCLE LARGER than the cycle that was corrected by the Great Depression of the 1930s
ie, in EW terms, we are headed into an economic downturn that will be significantly WORSE than the 1930s
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I’m just a whacko nutjob so take what I say with a grain of salt …
