by Mark Hulbert
CHAPEL HILL, N.C. (MarketWatch) — Prepare yourself for another stock market crash as big as the free fall in October 1987.
That’s a daunting prospect indeed, since at current levels such a
decline would mean the Dow Jones Industrial Average would plunge by more
than 3,000 points in a single trading session.
And we’re kidding ourselves if we think that market regulatory reforms such as circuit breakers will be able to prevent it.
These sobering truths are what emerge from a fascinating line of
recent academic research into the frequency of market crashes.
Recognizing them is perhaps the best way for us to respect this week’s
25th anniversary of the Oct. 19, 1987 Crash, when the Dow plunged 22.6%.
Continue Reading at MarketWatch.com…
Chart source: BullionMarksilverdoctors.com / by The Doc / October 16, 2012
In January of 1919, one ounce of silver was worth approximately 12 Deutsche Marks. By the end of 1923, one ounce of silver was worth 543,750,000,000 Deutsche marks. Unfortunately, the similarities to the years immediately preceding the Weimar hyperinflation are uncanny to our current fiscal and debt crisis.
For a visual picture of what will happen to the dollar value of silver during a hyperinflation, we present a chart of Deutsche Mark silver from 1919-1923…