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Best Market Analogy: 1973 or 1907 ?
Posted By Barry Ritholtz On May 9, 2011 @ 11:30 am In Cycles,Markets,Technical Analysis | Comments Disabled
For most of the selloff and recovery, I have mentioned that my favorite market analogy to our current situation has been 1973-74, which had a 55% collapse and 74% snapback rally.
However, as this market has continued to power higher, it has left 1973 behind, and is looking more and more like the Great Panic of 1907:
All charts courtesy of The Chart Store 
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 The Chart Store: http://www.thechartstore.com
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