One Way Present Situation Is Not Like 1929
And that is simply that when you look at indices broader than the Dow Jones 30--that is to say, when you look closer to reality--stocks have been in a bear market since 2000. The high in November 2007 can be seen as the end of a bear market rally--a "B" wave in Elliott Wave parlance. This is not particularly bullish or bearish for current situation. But still . . . a difference is a difference.
Meanwhile this week we have broken a long term trend line constructed from the 1982 and 1990 lows in the S&P 500.
