1928-29 Market Crash and 2012-2013 Parallel Chart

ElectricMucus

legendary

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Marketing manager - GO MP

needs more log scale

sgbett

legendary

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Quote from: Nathanael_ on February 23, 2014, 01:22:16 PM

yea thats bullshit

http://m.theatlantic.com/business/archive/2014/02/that-viral-chart-predicting-another-1929-stock-market-crash-its-absurd/283762/

thats being said, I do expect a correction any day now...

solid post. you win 2 BTCents!

lumierre

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I'm not too bullish on developing markets. Bubbles usually pop when there is most optimism. Hedge funds and economists are still bullish when already the Fed's tapering, there's emerging market currency crises, China shadow banking, inflated real estate prices all over the world, rampant currency inflation in most countries, weak employment data, etc. Add to that the fact that the US experiences a recesson/depression every 5-6 years on average (http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States). We are on the 6th year now from the 2008 financial crisis.

Nathanael_

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yea thats bullshit

http://m.theatlantic.com/business/archive/2014/02/that-viral-chart-predicting-another-1929-stock-market-crash-its-absurd/283762/

thats being said, I do expect a correction any day now...

lumierre

full member

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A chart worth sharing:

"... there has been no stretching of the time dimension to make them fit."

Source:
http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11

As we might know, whenever markets crash, people look for safe havens (Gold and Bitcoin?).

Will history repeat itself?

Topic: 1928-29 Market Crash and 2012-2013 Parallel Chart (Read 895 times)