Eerie Parallels: Chart of Dow Jones Industrial Average 1928-1929 vs. Today

February 12th, 2014

Queue your Twilight Zone mood music…

Via: CBS:

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.

Posted in [???], Coincidence?, Economy | Top Of Page

One Response to “Eerie Parallels: Chart of Dow Jones Industrial Average 1928-1929 vs. Today”

  1. afterhours says:
    February 12, 2014 at 8:40 am

    This seems to be making the rounds again after the last little market pullback, but if you look at it in percentage terms it isn’t very scary at all:

    http://www.thereformedbroker.com/2014/01/29/games-people-play-that-1929-analogy/

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