Chart Comparison of Depressions
By Daniel at 15 November, 2009, 12:58 am
If you superimpose a graph from the beginning of the 1929 great depression over a graph from the market now, it shows a DOW high of 10,500[now] before the beginning of a big[huge] overdue pullback [ to 5,000- 6,500? ]..
can be seen at eagles up.com
In 1929, the DOW lost 48% going from 381 to 198. It then gained 48% going from 198 to 294.
Fast forward…the DOW lost 49% going from 13930 to 7062. Since the low in March, it has gained 45%. A gain of 49% would put it at 10,523.
Now the kicker. After the DOW lost 48% in 1929-1930 and then gained 48%, it then LOST 86% plunging to its ultimate low of 41.22 in 1932.
If the same holds true now, it would put the DOW at 1473. Scary stuff!
Having said that, bulls don’t worry…you have another 275 points before the big crash 
If you are interested in how the 1929 depression is tracking the 2008, the mother lode of charts is here:
http://voxeu.org/index.php?q=node/3421
http://seekingalpha.com/instablog/183929-sober-realist/21385-the-great-depression-ii
http://dshort.com/charts/bears/four-bears-large.gif
http://www.marketoracle.co.uk/Article13210.html
- TheRed.PillPlease
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