1987 versus 2007
I keep repeating I am not a fan of the 1987 parallel to 2007. I am not saying its impossible -- just less likely than other potential parallels (My choice is 1973, Doug Kass' is 1937).
Yet many readers keep drawing my attention to the 1987 conclusion. As a service to those of you who find this compelling, here is an overlay of the chart several of you have sent in.
> UPDATE: April 20, 2007 6:21am
UPDATE: April 20, 2007 6:21am
This chart (courtesy of Charles) shows the scale of the run up between the two eras to be very different . . .
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» Machine Vision Vs. Human Vision from datawink
A blog entry from Vix and More wore asbestose gloves to deal with an entry from The Big PIcture submitted by users about a cliff diving chart from 1987 that seems similar to 2007. Being a fromer grunt, I hit the mouse and banged the url looking for do... [Read More]
Tracked on Apr 19, 2007 3:13:27 AM
Barry - have to say I was with you but if one believes that patterns ar truth and repeat that's a scary chart. Just for us learning- and memory-impaired types could you re-fresh us on what's different about the economy ? And what's different about the markets ?
To my understanding we had a major inflation worry with growing credit problems on the first. But Black Thursday ?
Posted by: dblwyo | Apr 18, 2007 1:37:46 PM
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