[ThePythonicCow]

Americans, last I looked are people. I doubt that we have repealed the laws of human nature that have led to various bubbles, and subsequent collapses, in the past (including some nice ones here in the good old U. S. of A., if I recall ...).

I suspect that your line of reasoning better supports the conclusion that America makes bigger bubbles, not collapse-free bubbles.

[novacation]

I'm am not real bullish on the near future of the market. But this perdiction is the most bearish I have seen to date. The S&P will not drop to the lows predicted. A major event, like a nuclear war, is the only thing not will send the market as low as the authors suggest. Since the market doesn't run on logic trying to predict it's future using logic is futile.I'm sure the authors are democrats,aacounting for their doom and gloom.The market may get constipated, but a collapse is not coming anytime soon without a major negative event. Just my opinion.