Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

CHART OF THE DAY: ANOTHER PANIC AHEAD?

CHART OF THE DAY: ANOTHER PANIC AHEAD?

Courtesy of The Pragmatic Capitalist 

Good stuff here from The Big Picture blog and the Chart Store.  The current market rally is following the market action during the Panic of 1907 to an eerie extent. If the current environment were to closely follow that environment we would likely be in store for a near-term 10% rally before capping the final leg of the bull move higher.  Ultimately, the market rallied 90% from the bottom before the wheels came off again and the market fell nearly 30% over the following 18 months.  This is an obvious case of data-mining, but as Barry says, it’s also an interesting study in how psychology often rhymes:

panic07 CHART OF THE DAY: ANOTHER PANIC AHEAD?


Tags: ,

Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!