The following chart is a simple comparison between the big stock bounce that occurred in the wake of the DOW crash of 1929 and compares it to the bounce we are seeing today in the S&P 500 index.The method of alignment was simple… take the first definitive up trading day off the bottom of the preceding bear market low and set that as the start of the series… then simply re-base both series to a value of 100 so they could be compared side-by-side.
Our current rally has a note of mania to it… It’s almost too good to be true…
I’m not saying it’s going to happen… Just keeping a watchful eye…
