re: Current Market Chart bearing Strong Resemblance to 1929's.......

quote:

---

I hope no one is stupid enough to not notice the different scales beng used (ie move atleast 2x greater in the 1920s.)

---

Yeah, the article touched on that, and for some absurd reason said it's not relevant, only the pattern.

The market rose by nearly 100% in 1928-29, as oppose to about 25-30% since late 2012. So if the scaling stays the same, we're looking at a 25-30% correction back to 2012 numbers. While that is indeed a significant drop, it's hardly a crash of Great Depression proportions.

Not to mention there was a similar correction of about 23% in 2011.