As at 10 am this morning the NZ share market had declined by 15% since October 2007. As at 1130 this morning it was down another 3.5 %. If it loses 5% today it will have declined by the same amount of the 1987 sharemarket crash which was 20%. The only difference is that 1987 occurred on one day. Thats why I call this one the long slow slide. My prediction is that the difference this time is that the slide is going to go on a lot longer and be twice as severe. That will take time of course. The long slow slide. Whhoa!