In 1929, there were actually 3 crashes. One in 1907, one in 1929, and the one that drew out the whole process in 1931.
In 2008, there will actually be 3 crashes. One in 1987, one in 2008 (about a year early) and one is overdue. They did try and crash the system again in 2010 right on time, but they weren't able to make it happen according to the book. Looks like they'll be about a year late.
Quite a few folks have been saying since the Spring that August 2011 would be a time to watch out for a market crash. Looks like they might be right.
Unless something pretty serious is done over the weekend to avert it, I'd expect at least a 500 point drop in the DOW on Monday morning.
edit on 5-8-2011 by babybunnies because: (no reason given)