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Tuesday, February 16, 2010 6:59:24 PM
CHART OF THE DAY: The Historical Comparison That Says Stocks Are About To Explode Higher
Joe Weisenthal and Kamelia Angelova | Feb. 16, 2010, 1:44 PM
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 awhile, 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.
Joe Weisenthal and Kamelia Angelova | Feb. 16, 2010, 1:44 PM
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 awhile, 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.
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