Harry Dent thinks that the coming crash could be similar as 1929. This economist thinks that a 49% decrease of the Dow Jones is possible.
It took only two weeks in 1929 to fall from A to B and two more weeks to reach C.
If the DJIA follows the 1929 chart, Christmas could be very sad for most of the shareholders.
On the 3rd of October 2018, crude oil was at $77. On the 13th of November, the WTI’s price had fallen to $55: -44% in seven weeks.