Hulbert: 'Eerie Parallels' Between Current Dow Chart and That of 1929
02/11/2014
by Dan Weil
A chart of the Dow Jones Industrial Average going back to July 2012 closely matches one from 1928-29, signaling a crash may be coming later this month or in March, if the correlation continues, says Mark Hulbert, editor of Hulbert Financial Digest.
"There are eerie parallels between the stock market’s recent behavior and how it behaved right before the 1929 crash," he writes in an article for MarketWatch.
He first wrote about the chart on MarketWatch in early December, questioning its validity. But now that the pattern has continued to repeat, he's turning into a believer.
"There are eerie parallels between the stock market’s recent behavior and how it behaved right before the 1929 crash," he writes in an article for MarketWatch.
He first wrote about the chart on MarketWatch in early December, questioning its validity. But now that the pattern has continued to repeat, he's turning into a believer.
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