This is a very pertinant watch if you are interested in the similarities of today to the 1929 crash. I keep looking at the charts and percentage changes from prior to 1929 till today. So, far we have almost retraced on the Dow 100% since the October 2002 low. If we cross that level of support I’m concerned that we won’t see another bottom until we hit about 1000 or 500 on the Dow.
Since about 1982 the Dow has taken off with only three decent corrections in 1987, 2002, and the one playing out today. I realize that we have to look at the Dow adjusted for inflation as that is implicit in the numbers, but all I’m trying to get across is that the bottom might be farther away than any of us can imagine.
Anyways, enough for now… Watch the video if you haven’t already.
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