For two years+ I have stated Bernanke fears deflation and a debt implosion and the BTFD crowd has laughed. I hope they keep buying. Like the dot-com traders, they'll be selling pencils.
What might have happened differently if 2008 was different is unknown. Bush was one of the worst presidents in history, from a very corrupt family, and gave us Obobo. If anyone doubt it read a few of republican Kevin Philips's books before you tell me I'm wrong and study his brand of LBJ's Texas politics on steroids. He was so bad he gave us this communist interloper who only knows what a Chicago Thugocracy looks like.
Like in 1987 all stocks are correlated. It's why they bid for 800-1000 when they really want to move the market. And when they sell, it's doing to take the wall down.
"Hope and Change"...At least Obobo will be scathed in the history books for being a lying sociopath with that one.
Do I sound pissed? Damn right I am. And if your not you need your head examined as you're part of the problem that allowed this mkt to be ruined and billions to be skimmed and trillions added to our debt.