This Top is Twice as Big as 1929

If that proposition that this bubble and this top is twice as big as 1929, then it follows that the correction of that excess will be twice as bad.  If so, would that mean that we would have a 96% correction in the stock market?  Would we have a depression that lasts 20 years?  Who knows.  But a 96% correction in the DJIA would put the number at 570, roughly the 1974 low.  A 20 year depression would last until 2027, or at least 2020, depending on how you count it.  Am I predicting that will happen?  No, but I do not dismiss it out of hand.  It is entirely possible, especially when I see our "leaders" making mistakes which, in the long run, will make the situation worse.  I think Dow 3,000 would be cheap and that the worst will be over in 5 years.  But it is important to remain open to possibilities.  And my opinion is that the possibility of seeing the Dow trade below 1,000 is higher over the next 20 years than the Dow trading above 30,000.