From dshort.com

When adjusted for inflation, the decline in the S&P from the peak is now WORSE than the decline in the Dow was at a comparable time in the bear market following the 1929 crash.

Lovely!

(When not adjusted for inflation, we’re just very slightly above the 1929 line.)

Dow just went below 7000.

(Starting when the Dow was last near 10000, I kept asking him if we’d see 7000 or 13000 first. He first said 13000, then 7000, then a few weeks back switched back to 13000.)

OK, so next question, to repeat the 30% up or down…

Which do we see first from this point… 4900 or 9100?

That’s another 30% down from here, or 30% up from here.

Ivan?

[Update 14:49 UTC – Added parenthetical clarifying what the original question was.]

(via Andrew Sullivan)

Yup Rush, just keep on going. You’re just what the Republicans need.