CHART OF THE DAY: The Historical Comparison That Says Stocks Are About To Explode Higher

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No doubt you’ve seen the charts comparing our bear market to the slide in the Nikkei. And if you believe that such a historical comparison holds relevance, then it means we’re totally doomed.

 

But not all similar patterns are so negative. A reader alerts us to the comparison between our current situation and the market in the 70s.

If it holds, it means we’re going sideways for a while, and then will explode back towards old highs.

Or maybe what it really means is that the eye can find historical analogues anywhere you look.
[image url="http://static.businessinsider.com/image/4b7ae5370000000000ac42cb/image.jpg" link="lightbox" caption="" source="" alt="CHART OF THE DAY: S&P 500 Now Vs 1970s" align="left" size="xlarge" nocrop="true" clear="true"]

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