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Interesting. Thanks for posting.

We have entered the downside of the current K-wave. This wave could last anywhere from nine to twenty years as we saw in earlier winter K-waves.

For the Dow Jones Industrials, in theory at least that could translate into a fall back to 1000. While that may be only for some super bears vivid imagination we believe that at a minimum the Dow Jones Industrials will ultimately fall at least 50%-60% or down to around 5000. The highs of January 2000 are but a dream for years to come.

The winter of the K-wave is upon us. See Cliff Droke’s theory on a 2008 to 2014 “hard winter”.

above excerpts from a link in the article...here...

http://www.kwaves.com/kond_overview.htm

From another famous Russian,...

The supremacy of finance capital over all other forms of capital means the predominance of the rentier and of the financial oligarchy; it means that a small number of financially “powerful” states stand out among all the rest. The extent to which this process is going on may be judged from the statistics on emissions, i.e., the issue of all kinds of securities. - Vladimir Ilyich Lenin “Imperialism, the Highest Stage of Capitalism”

http://www.marxists.org/archive/lenin/works/1916/imp-hsc/ch03.htm

Thanks for the thoughtful reply.

As I read these things about the Kwave and so forth, it strikes me just how much better capitalism is than socialism.

Socialism will only wave once. Then it will be permanently stuck in winter. How many decades has Cuba been in winter? The USSR was in winter for dedades. Zimbabwe, Venezuela, we can look across the globe and see neverending big government winters all over the place.

In Capitalism, once winter ends spring comes again.

This is clearly better.

For the Dow Jones Industrials, in theory at least that could translate into a fall back to 1000. While that may be only for some super bears vivid imagination we believe that at a minimum the Dow Jones Industrials will ultimately fall at least 50%-60% or down to around 5000. The highs of January 2000 are but a dream for years to come.

IIRC, I think it took until 1964 for stocks to recover their 1929 values just prior to the Great Depression. I do think the Dow Jones broke 1000 for the first time around 1971 or 1972 but went down again until about 1981 or so to break 1000 again, I was in junior high then, it was a big deal at the time.

BTW, I do like hearing stories from my surviving grandmother about how she had to survive during the Depression, she was born in 1915 so she was teenager when it started. One part of the story that is hard for her to tell was how they lost the farm and their property because of it, she'll be 94 next month, and she still goes into tears about it, it was so hard for them and a lot of other people. I wonder what her thoughts are where she might live to see it happen all over again.

It took the S&P 500 17 months to drop 50% from its 1929 peak, and 17 months to drop 50% from its 2007peak.

After 1929, it took 25 years to return to its 1929 peak, which iflation-adjusting would make a bit longer than 25 years. Then again surviving stocks in the 1930s paid not-too-bad dividends so that actual returns assuming dividen reinvestment prob meant "only" about a 15-year timeframe to earn back the losses.