Monday Feb 24 2014
Tom DeMark and Tom McClellan have both looked at the chart of the market from 1929 versus today.
Mark Hulbert comments on the similarities. One can see the same sort of pattern now.
What do you think?
Professor Elam
Accounting & Investing Info for San Antonio A & M
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2 responses to “1929 Versus Today”
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1929 versus today chart of the market is disturbing to those of us who have experienced large market fluctuations. No I was not around for the 1929 market crash, however I lost a lot of money in the crash in 2000 – 2002. The shares have not regained their value to where it was prior to the crash. Therefore this type of comparison is very alarming. It makes me want to sell shares today and repurchase at the bottom of the crash that is coming! PANIC is what will happen if it comes true.
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Tish
I would enjoy having you as a student / investor in a class on socionomics and the markets.
http://www.socionomics.net
Panics usually happen at the end of a move down, not at the beginning, the big moves in 2008 were late in the fall of 2008 after teh markets had been falling for weeks.
denial, disbelief, panic and resignation are the three stages of a market collapse. We are a good ways from that now
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Professor Elam 
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