From the Wall Street Journal, January 1st, 1930.
And below, the Daily Journal, October 25, 1929.
To see the above image large enough to actually read it, go HERE.
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That chart looks very similar to whats gone on lately. And that late oct 29 rebound looks like the rally we just had this past week. Could fresh lows be headed our way soon?
Could be.
Will be, bet on it. Nice chart.
Bruce,
Are you fucking kidding me?
You think we’d v-bottom out of this shit?
Kind of interesting when you read that paper… all that talk of “Socialist radicals.” Papers had a different agenda back then.
Also got a chuckle out of the sub-head “Exchange may not open this Saturday.”
Bring back Saturday trading!
Juice you’re right and wrong… That chart is EXACTLY what’s going down…
But you’re premature on when the crash is
Somewhere between the first and second week of June is the ultimate top before the stock market gets killed!
http://www.amanita.at/e/faq/e-bradley.htm
Although, since the Bradley model picks the turning points and severity, and not the direction, it could be the complete opposite…
But did anyone read the digg article about Herbert Hovers “stimulus plan” of 1929 before the crash? WAYYYYYYY too much dollar in print, and it’s Freaking CRAZY!
How can we spend 25 trillion dollars and print that shit and not get slaughtered.
WAKE UP!
That’s actually pretty interesting. We’re learning about this in American History right now, and the fact that this phenomenon is probably happening again is really interesting, though not surprising. *shrugs*
Asura, welcome to the site. ARe you in high school or college American History?
you guys got it all wrong… 2000 dotcom bubble was 1929… Putting us in the late 1930s
http://epaper.investors.com/Repository/ml.asp?Ref=SUJELzIwMDgvMDMvMTAjQXIwMTYwNA==&Mode=HTML&Locale=english-skin-custom-ibd