When I read the books about 1929 Great Depression, I noticed a chart as shown below: To get a historical perspective, I just get another chart for GFC and EU crisis in the following: *** Just get some points from the charts. DOW and XAO responded to the crises similar but never exactly but these two charts did record how the crowd reacted to the events with extremely high consequences. 1. The crashes were quick and decisive: In 1929, the crash took about 22 months; In 2008 it took about 16 months; Both short down to its level just at the beginning of the booming at least 2. after both of the great crashes, the market did recover. In 1929, it took about 2 months or 24 months depending on how we defines the recover. In 2009 it took about 11 month so far. I prefer to take the views of 24 month recovery. 3. Crashes and recovery seemed the knee jerk reaction of the crowd. They were driven by great fears. The crowd fears to lose all. The bottom of the crashes are the call for bargain hunters who have not damaged enough in the crash. 4. Prices on all were depressed and recovery could not go any further. The dying seems worth more than alive but fundamental becomes really bad and dire. All wanted to get out of the stock market but damage has been done. Trapped in the hell and run in the tsunami are not very different. 5. In 1934, recovery stopped and the market rippled until 1935, 5 months. The recovery continued then for another 13 months. In 2009, the recovery stopped and the market tried very hard to declare GFCII which was very true for Aussie traders and shorters but failed to make GFCII become true. The current ripples after this recovery has been there for about 31 months. 6. War in Europe in 1940s woke up the world but anyone then could not see what would be ahead but the market found its feet and started its new booming trend. What's the function of the crises in Europe in 2010s? All lost some blood. Most of traders with the traits of bargaining have been trapped in the hell. All of shares in resource sector, the Aussie economies based on to avoid the recession, has lost most of they accumulated prices since 2005. No man in any stock market forum can show the hopes. *** Are we suffered enough? I feel it should be enough even all could be worse than what it is. It is the time we translate all of news to its bad side but it could not be true ever. I am an idiot, do you recognize it and all recognize it? If so, we are not too far from the rock bottom. It is a time plenty of idiots but no genius. Internet has being speed up everything. 1. Could US or BRIC lead the world out of the GFC+EUC very soon and save the EU as in the world war II? 2. German this time is not vicious war machine. 3. British is wise and flexible as it was even damaged a lot. 4. China and Russia are not in the war. 5. Australia is far away from any war. Why the recovery stopped and rippled so long? The great Internet and advanced communication systems put the bad news into your screens just in second. The crowd is fed with the data they just could not digest. Do you think a YouTube could make the losers to be winners? It makes things worse in short-term and speed up the knee-jerk reactions.