John O’Donnell’s Chart of the Week
I’m not here to tell you that the crash of 1929 is about to be repeated. We are not likely to see another 1930’s style credit purge deflation and the associated catastrophic collapse of the stock market. However the Dow Jones Industrial Average (DJI) starting in May 2012 shows an uncanny pattern similarity to the DJI starting in January 1928. Watch my video discussion after the Read more >> break.