U.S. stock markets are down more than 50% since they peaked in October 2007, but that figure really doesn’t indicate how rapidly the decline is accelerating.The markets are down 25% in the first two months of 2009, and down 10% in the last week. If the markets fall another 25% or so within the next two months, we’ll reach capitulation. Therefore, I’m revising my earlier forecast, which called for complete economic collapse by the end of this year.