
This chart may turn out to be the most important guidance from the past. Paper Economy blog delights the bears with this overlay of the Dow 1930 and the S&P 500 this year.
Given the severity of this downturn and a Fed looking even more helpless now than 80 years ago I would not be surprised to see the S&P 500 taking roughly the same course in 2009 - 2011 as the Dow did then, reaching its historic low only in 1932.
0 comments
Post a Comment