Similarity in Stock Market Charts for 1929, 2008, 2016 May Show This is the Epocalypse
David Haggith
TheGreatRecession.info
March 22, 2016
Compare the Great Depression to the Great Recession, and you’ll see a similar pattern in how the Dow Jones Industrial Average graphs out. That pattern appears to be repeating now. The nation’s most notorious stock market crash in 1929 did not occur as a single fall off a cliff, but started with high points that rounded downward as the market bounced off a lowering ceiling; then it experienced a sharp plunge for about a month, then rallied, and then it experienced the huge crash we’ve heard about all our lives. After that, it experienced many more rallies and crashes before it found its absolute bottom.
What people forget is that each of the cliffs was made distinct by brief rallies and sometimes by extended rallies in between. The Great Depression was never a smooth path to the bottom.
Graph of the stock market crash of 1929 – The Great Depression
The Rest…HERE
