Reply #5: Well now we weren't close to the 30's from 1929 until 1932.

[Warren Stupidity]

I took almost three years from the crash of 29 to hit bottom. Having bottomed out in 32 it took another nine years or so, and a global war, to climb back out. Stocks didn't fully recover until the 50's. It is when a recession goes deep and long that one has a depression, and you don't know you are in one until you don't get out of it in short order. We've just gotten started. You might want to wait a while before declaring this to be no big deal.