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Scary 1929 Market Chart Gains Traction

by on Feb 12, 2014

  • 187 views

Opinion: If market follows the same script, trouble lies directly ahead ...

Opinion: If market follows the same script, trouble lies directly ahead
There are eerie parallels between the stock market’s recent behavior and how it behaved right before
the 1929 crash.
That at least is the conclusion reached by a frightening chart that has been making the rounds on Wall
Street. The chart superimposes the market’s recent performance on top of a plot of its gyrations in 1928
and 1929.
The picture isn’t pretty. And it’s not as easy as you might think to wriggle out from underneath the
bearish significance of this chart.

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Scary 1929 Market Chart Gains Traction Scary 1929 Market Chart Gains Traction Document Transcript