RE:F.B Housser Jan15, 1932 on how stocks did in 1929 -31Thats cool . Looking at present market situation one can step back and look at history to see that its repeating now as those same conditions and fears are taking hold.
As much as a markets over shoot to the upside the gravity of fear can also over shoot them to the downside when mass psychology and sentiment turn and take all asset classes with them.
History will and does repeat because people are still people with the same emotions of those of 1929 era.