Friday, June 26, 2009

Is it 1973, 2001 or 1931?

Here's a chart from of the recent movement of the stock market that's either scary or heartening, depending on how you look at it.

So far the market's performance over the past 20 months has been about as bad as it was during the 1973/1974 oil crisis and the 2000/2002 tech stock crash; but it's nowhere near as bad as the stock market did leading into the great depression.

We're either doomed, or else we're poised for another spin on the good times merry go round.

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