David Rosenberg Frets About the Correlation Between 1929-30 and Now

By on August 4, 2009

Click on chart for larger image:

David Rosenberg warns the US stock market is now following a nearly identical pattern to the 1929/1930 bear market rally. The correlation between the two chart patterns is a very strong 80%.

SMA Comment: If the correlation continues to hold (which is doubtful), some scary days lie ahead.

Sources:

http://www.businessinsider.com/chart-of-the-day-history-repeating-2009-7

http://www.contrarianprofits.com/articles/how-to-tell-when-the-feds-are-lying-to-you/19646
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