CNBC: Dow Jones is repeating Great Depression "pattern" (free market, mortgages)

[k374]

News Headlines

IMO, people are way too optimistic right now. There is much deleveraging left in the system and the participation of the FHA to finance spurious mortgages yet again (3% down, low FICO etc.) has sucked many into a repeat of the subprime mess (see article "FHA the new subprime" on Google).

[evilnewbie]

I don't get it... what pattern? Has there been any logical pattern with the DOW in the past two years? Its gone up... its gone down... funny thing is every time it goes up, it never catches where it was when it was up that far last time...

[texdav]

Bascailly it just stays the same with many of those companies having huge amounts of cash on hand. Hardly the pattewrn of the great depression.Heard it in the 60's recession under JFK when I was in junior high;in the 70's recession then in the 80's recession. Fall of the new roman empire;runs on the banks coming;america doesn't produce anythingRussia the new world power collapses the free market system;Owell's world come to life. Its like hearig the same cheap novel over and over.