CHART OF THE DAY: For Those Who Don't Believe That History Repeats Itself...

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We posted this earlier, that the S&P 500 closed at exactly the same level yesterday as it did on October 3, 2008: 1099.23.

Anyway, this is really making the rounds on Wall Street today.

Citi’s technical analysis folks sent it out in chart form with the amusing title: For Those Who Don’t Believe History Repeats Itself…

As you can see, not only did the market close at the same level, well… markets got slaughtered right after that.

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