CHAPEL HILL, N.C. (MarketWatch) — There are eerie parallels between the stock market’s recent behavior and how it behaved right before the 1929 crash.
That at least is the conclusion reached by a frightening chart that has been making the rounds on Wall Street. The chart superimposes the market’s recent performance on top of a plot of its gyrations in 1928 and 1929.
The picture isn’t pretty. And it’s not as easy as you might think to wriggle out from underneath the bearish significance of this chart.
one big difference, how people will act. back then you did not have to lock your doors and people would help each other. when japan was hit with the big wave people waited patiently in line for food and water however when we were hit by Katrina american's acted like animals. even something simple like rodney king or travon people seem to go crazy and behave like wild animals. i have been around a long time and if we have a depression like 1929 it will be very different and we will will have a lot of bloodshed. the way people knock each other when shopping for there kids on black friday, how do you think they will act if there belly's are empty. now you idiots can cut me up on my spelling and grammar but i will tell you i am very prepared for a crash
5:18 nailed it. MAYBE, now you'll see why the military and police forces have been training together, practicing civil unrest suppression (as in killing us). Smart people in power look at these things and are WAAAAY ahead of us in preparation for what they KNOW is coming (it's inevitable, and any economist/political scientist will tell you the same thing. Millions will be hungry. And cold. And willing to take whatever they want/need from you. So, continue to think your "leaders" will protect you. They'll be too busy protecting themselves. Keep cheering, though, if it makes you feel better about yourself.
It is a pretty chart, but it is meaningless. The market rose 400% between 1926 and 1929.. The market has risen about 29% in the last 3 years. What is happening with all the scaremongering is the very wealthy investors want people to sell their shares and lower the values on the equities markets. The big money investors will short the stocks and make money. Then when the values drop they swoop in and buy. The market goes back up and they stuff their pockets with huge profits. They just made money on the sell off and the rebound.
11:59 is a GREAT example of making stats say anything. If you lost $1000 in the stock market and were left with only 1 dollar, but 4 years later, that dollar had become 10 dollars, what percentage of increase on that dollar did you realize? Exactly. You're still screwed, but the stats look fantastic.
I am of the opinion that the 2 lines clearly denote the precise relationship and do so in a proportionate manner between the two timelines--and the Market's movements.
I am glad you think in the abstract-- but those two actions denote exactly what Joe stated.
one big difference, how people will act. back then you did not have to lock your doors and people would help each other. when japan was hit with the big wave people waited patiently in line for food and water however when we were hit by Katrina american's acted like animals. even something simple like rodney king or travon people seem to go crazy and behave like wild animals. i have been around a long time and if we have a depression like 1929 it will be very different and we will will have a lot of bloodshed. the way people knock each other when shopping for there kids on black friday, how do you think they will act if there belly's are empty. now you idiots can cut me up on my spelling and grammar but i will tell you i am very prepared for a crash
ReplyDelete5:18 nailed it. MAYBE, now you'll see why the military and police forces have been training together, practicing civil unrest suppression (as in killing us). Smart people in power look at these things and are WAAAAY ahead of us in preparation for what they KNOW is coming (it's inevitable, and any economist/political scientist will tell you the same thing.
ReplyDeleteMillions will be hungry. And cold. And willing to take whatever they want/need from you.
So, continue to think your "leaders" will protect you. They'll be too busy protecting themselves.
Keep cheering, though, if it makes you feel better about yourself.
Total of 4 bankers have killed themselves in the last 2 weeks could be a sign.
ReplyDeleteIt is a pretty chart, but it is meaningless. The market rose 400% between 1926 and 1929.. The market has risen about 29% in the last 3 years. What is happening with all the scaremongering is the very wealthy investors want people to sell their shares and lower the values on the equities markets. The big money investors will short the stocks and make money. Then when the values drop they swoop in and buy. The market goes back up and they stuff their pockets with huge profits. They just made money on the sell off and the rebound.
ReplyDeleteEveryone has a favorite person they'd like to see jump off of a really tall building.
ReplyDelete11:59 is a GREAT example of making stats say anything.
ReplyDeleteIf you lost $1000 in the stock market and were left with only 1 dollar, but 4 years later, that dollar had become 10 dollars, what percentage of increase on that dollar did you realize?
Exactly.
You're still screwed, but the stats look fantastic.
Imclain
ReplyDeleteI am of the opinion that the 2 lines clearly denote the precise relationship and do so in a proportionate manner between the two timelines--and the Market's movements.
I am glad you think in the abstract-- but those two actions denote exactly what Joe stated.
1:44....that was my point. The graph, and its illustration, is right on the money (pardon the pun).
ReplyDelete