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

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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.

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there is a lot of hot money moving around, which increases the swings such as this.

Hopefully we will get a good indicator that this shite is coming a la 2008.