They crashed in July 2007. At first it was a snowball at the top of a very tall mountain. As it began rolling it became more massive.
That snowball rolled over some very big companies these last couple of weeks. It's not moving fast, but it's wiping out everything in its way. The bailout money will be consumed quickly and we will be right back where we are, but with a larger snowball.
When I think of “crash” I’m thinking of the snowball finally hitting the bottom of the hill and obliterating everything. Bringing the whole market down with it. Any idea where the bottom of the hill is? I keep hearing the word “correction” from all these yahoos on T.V.. It makes me laugh now.