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Thursday, October 22, 2009

1929 vs 2009

I wrote this post on Tuesday for Wednesday night release. On Wednesday the markets took a bit of a dive. I am NOT saying the markets will collapse like the great depression. But I am trying to show the extreme market moves should not be taken as a sign of strength. In the Great Depression we had massive moves, and history has shown that wasn't a good thing.

Here are key percent statistics "as of" today's high:

A picture with some comparisons. I had to piece together two images to show 1929-1930.
Images taken from The Chart Store. (Recommended site)

From WebSurfinMurf's Financial Blog

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