My template for the time period we are in now is 1966 -1972. The DOW Averages made a high in 1966 and then never surpassed it until well into the 1980s. In between there were huge rallies and collapses of hundreds of points.
Most of you were born after the Chicago Seven Trial of 1969, it is worth taking a look at that again.
Briefly, Viet Nam War Protestors sought to disrupt the Democrat Convention in Chicago. They succeeded.
And so they were put on trial the following year for inciting a riot. The trial became a cause celeb for the New Left as the defendants succeeded in disrupting the trial as they did the Convention. And they got off.
Note the 36% drop in the Dow from 1968 to the trial. This was a time of radical social change in America occasioned by the Chicago Seven Trial, consider some of the events that occurred in March of that year., OH and Woodstock was that summer….
- March 3 – In a Los Angeles, California court, Sirhan Sirhan admits that he killed presidential candidateRobert F. Kennedy.
- March 3 – Apollo program: NASA launches Apollo 9 (James McDivitt, David Scott, Rusty Schweickart) to test the lunar module.
- March 10 – In Memphis, Tennessee, James Earl Ray pleads guilty to assassinating Martin Luther King Jr. (he later retracts his guilty plea).
- March 10 – The novel The Godfather (novel) by Mario Puzo is published.
- March 13 – Apollo program: Apollo 9 returns safely to Earth after testing the Lunar Module.
- March 17 – The Longhope, Orkney lifeboat in Scotland is lost; the entire crew of 8 die.
- March 17 – Golda Meir becomes the first female prime minister of Israel.
Now the government has proposed trying another group of radicals, this time in New York City instead of Chicago. The parallel continues. This will certainly afford the protestors a world stage to air their grievances, and plenty of media, and blogs to follow it. We are at a higher degree of cycle turn in civilization now than then, and this trial will likely receive a lot more coverage, that is typical of higher degrees of social turn.
Remember the O J Simpson Trial, trials can take on a life of their own.
Professor Elam 
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