Ron Paul: US is barreling toward a stock market drop of 50% or more

"Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in the corrections themselves." - Peter Lynch

What if it’s only the tech companies that collapse, and the banking sector is fine, thus staving off a global meltdown?

This was exactly what happened in 2000.

The tech companies are worth so much now, we could in theory have a 50% drop but it will be much more “survivable” than the 53% or so crash that was reached by mid-2009 last time.