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More On That 1929 Crash Parallel…

  • Written by Syndicated Publisher No Comments Comments
    February 13, 2014

    That Marketwatch story with the scary 1929-2014 stock market crash chart noted here yesterday has been bouncing around the internet for the better part of a day now and it seems that one Ryan Detrick sought to make it a little less scary by putting the two curves on the same scale as many, like myself, had suggested.

    The much-less-scary result is shown below.

    Not so scary stock chart

    An alternative view of the significance of the Marketwatch chart was offered up in this item at Short Takes where a repeat of the head-and-shoulders top from 1929 looked like it would translate to about another four percent decline from current levels for the S&P500.

    That’s probably a good area to keep an eye on…

    About The Author

    As you may have already deduced, this is not your typical financial blog, accompanied by some run-of-the-mill investment newsletter, and I’m not your typical financial writer.

    In fact, I spent my entire working career as an engineer before retiring back in 2007 at the tender young age of 46. Two years prior to that in 2005 I started writing a blog – The Mess That Greenspan Made – mostly just to poke fun at the housing bubble and the policy makers who had led us down that path.

    Details about the investment newsletter and information about the performance of the associated “model portfolio” can be found here and if there are any questions that I can help answer, just send mail to tim@iaconoresearch.com.

    Images: via Flickr (licence attribution)

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