1987 versus 2007

I keep repeating I am not a fan of the 1987 parallel to 2007. I am not saying its impossible — just less likely than other potential parallels (My choice is 1973, Doug Kass’ is 1937).

Yet many readers keep drawing my attention to the 1987 conclusion. As a service to those of you who find this compelling, here is an overlay of the chart several of you have sent in.

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Dow Industrials 1986-87 – 2006-07

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UPDATE: April 20, 2007 6:21am

This chart (courtesy of Charles) shows the scale of the run up between the two eras to be very different . . .

Dow 1987 and 2007, scaled to 100
click for larger graph

Category: Markets, Psychology, Technical Analysis, Trading

Largest Commercial Landowner in the U.S.?

Category: Economy, Real Estate

Why This Isn’t Stagflation

Category: Economy, Federal Reserve, Inflation

Neil Young Live at Massey Hall

I haven’t heard this new CD/DVD yet, but the reviews are great, and the live version below is outstanding: Live at Massey Hall.


Neil Young

Neil_young

I saw CSNY this summer — great show.

More Neil vids after the jump . . .

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Category: Digital Media, Music

Big Picture Update

Category: Weblogs

Some thoughts on Taxes

Category: Economy, Politics

WSJ Wins Pulitzer for Option Backdating Investigation

Category: Corporate Management, Financial Press

Media Appearance: Kudlow & Company (4/16/07)

Category: Media

U.S. Dollar Index Breaks Down

Category: Currency, Economy

Inflation Confined to Rest-of-the-World, Avoiding U.S.

Category: Data Analysis, Federal Reserve, Inflation, Markets, Psychology