I´ve never actually heard it called that, except the OP using it. I don´t think we will ever see anything near 50%. Probably the worst that can happen is like 2008, but even that was a perfect storm. It is hard for the world to crash at the same time because everything that hurts someone, helps someone else so it would be easy to shift assets around. The more globalized markets become, the more resistant they are to drastic changes.
It's difficult to easily get affected by these types of rumors. It can be very destructing in terms of the types of decisions that we are going to make. I suggest not believing too much in these news where there isn't too much information backing up the rumor. I agree that if it's going to be that bad, it's not going to happen overnight and that there will always be signs and symptoms for sure.
I read that concept on Investopedia, I think, a while back. I really can't see it happening. And if it doesn't, I'm sure we won't remember the prediction. That's the way that analysts and their forecasts work.
Not to go off on a tangent, but that is probably one of the most appropriate typos ever. Buffett is very intelligent, and he started out making very conservative yet intelligent investments.. but then he became famous... and in my opinion, a lot of his success now is because so many people follow him. If he buys a stock, then over the next month, thousands of people start buying it, and he benefits from his own fame. It is just a little bit easier for him to be successful because of his fame.
I think 50% is way too much. Wouldn't that result to more conflicts and wars. As you guys are saying, it would probably be the end of the world if such a crash would happen. But you know, I really have high respect for Warren Buffet. I usually take note of his business talks and speeches because they're so inspiring.
Yep, once people reach a certain level or wealth like Buffet did they can afford to be simply good or show their other more selfish side. Either cases, it's always necessary to maintain money or else we it might lose it.
An unexpected war where they USA is actually challenged. A Presidential assassination where there is political implications regarding the rival party. A natural disaster that wipes out a top 10 country or the middle east. Obviously something far bigger than the Tsunami. There is nothing purely economical that can cause that big of a correction. The world economy is too connected and too big.
