Worse than '29

Now, the days dwindle down to a precious few. And if some miracle doesn't happen this will go down as the worst year in Wall Street history.Worse than '29? Yes…a lot worse.

1929 had been a big winner for investors before the crash began in the last quarter. When the champagne was finally poured on New Year's Eve, investors were less than 10% below where they began the year.

This year has been all bad. Investors are looking at a loss over 40%. The typical investor in the stock market has probably lost half his money.

The news continues to confirm that a major correction is underway.

Bill Bonner gazes into his crystal ball and foresees trouble ahead.