Friday, April 15, 2011

1930's Depression & Today

The Wall Street Journal reported on the eerily similar set of circumstances between the financial crash of the 1930's & today:
"Over the last year the stock market has followed a path eerily similar to 1937. First, a strong, rapid run to a recovery high – same pace, same magnitude. Then a correction – again, the same. Will we continue on the path that led the correction of 1937 into a collapse in 1938?

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