I always chortle when people say stocks fell 50%. If a house is selling for a trillion dollars, and it falls back to a million, would you be surprised? No. Wel

I always chortle when people say stocks fell 50%. If a house is selling for a trillion dollars, and it falls back to a million, would you be surprised? No. Well then, if the market is overpriced by 100% and it falls 50% - why would you be surprised or worried. If the market continued to crash - you would be unemployed - as domestic consumption cycled down. We'd either end up like the Japanese or the Germans - either way - we'd all be fucked.