Comparing present with 1973-74 cycle
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:
Note that any of these comparisons with history are merely rough outlines, and that things rarely repeat perfectly . . .
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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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