Thursday, January 21, 2016

Depression Market Analog

The shadow's high on the darker side
Behind those doors, it's a wilder ride
--Glenn Frey

Few realize that after their infamous 'crash' in the late 1920s and early 1930s, stock spent some years of the Great Depression rallying higher until FDR's New Deal stimulus began running out of gas in 1936-37.

Interesting analog here raises the spectre of a similar phenomenon unfolding now.

As the saying goes, history rarely repeats but often rhymes.

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