Last week, I mentioned in Quick Takes Pro that stagflation was here, not that I and many others have not mentioned this before. I drew further parallels to the 1970s calling the bear of 73-74 the big one and the bear of 77 the baby. Fast forward to today where the big one was 00-02 and the baby could be 08. The timing is right. The start of stagflation is right.
Just a thought.
2 comments:
Has anybody overlaid the DJIA and NASDAQ pre/crash/post periods? This looks identical to the '37-'38 bear market on the combined chart.
I've heard that comparison although have not seen it myself.
Post a Comment