Comparing present with 1973-74 cycle

Monday, May 08, 2006 | 06:28 AM

Twain is reputed to have said: History doesn't repeat, but it rhymes.

Is this market rhyming with 1973? This chart (created by a anon reader) implies that it just might be:

2006_vs_1973

Note that any of these comparisons with history are merely rough outlines, and that things rarely repeat perfectly . . .

Monday, May 08, 2006 | 06:28 AM | Permalink | Comments (48) | TrackBack (0)
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Comments

I'm gonna keep repeating myself:

I made a Bullish call for the first half 2006 back in from December 2005: Dow 11,800, Nasdaq 2600, and SPX 1350 by mid year.

You can see this 2006 market forecast in print in the Business Week Year end issue). I repeated the same expectations in January (Here Cult of the Bear part III).

I anticipate up to a 25% sell off in the S&P into Q3/4

Posted by: Barry Ritholtz | May 8, 2006 7:35:21 AM

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