Are we going to have to watch out for falling middle aged men moving at terminal velocity into the pavement in vicinity of wall street in the near future?
32 feet per second, make sure to scan above you every 2 seconds
I was thinking the same thing, 1929 could happen all over again..
However, I think the NYSE, NASDAQ, Federal Reserve and Treasury will stop that from happening, back in 1929 no single entity could or would step in and stop trading, inject capital in order to prevent an all out catastrophe, however over a period of days, perhaps a month or two, the same type of loses could and probably will happen....
Just like back in 2008, the government and Federal Reserve provided a backstop to most of the banks and wall street types at the expense of the every day American, if that happens again, I’m not sure what the reaction would be from the public...