During the financial crisis and its aftermath, we were always really fond of looking at Doug Short’s Mega-Bears charts, which overlayed the great crashes of 1929, the Nikkei, and the US crash, which started in 2000.
For a long time, the charts moved similarly, indicating that perhaps, great big crashes shared common rhythms.
But no more.
Doug has updated his Real Mega-Bears chart (real, because they’re inflation adjusted indices) to show that the US market now bears no resemblance to either the 1929 bust or the Nikkei bust.
Photo: Doug Short
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