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Wednesday's chart porn comes to us via Bob Bronson.

Here's a comparison of 4 market crashes: 1930, 1962, 1987 and today. (Note that there is no guarantee that this crash will be the same as those others):

1930, 1962, 1987, 2008

(click to enlarge)

Source: Bronson Capital Markets

We are getting to a point where markets are oversold, and due to bounce. But understand what odds we are facing here: A deep recession likely awaits us, and with it, earnings compression, and lower -- often considerably lower -- stock prices.

We will hear a lot of noise about Fed action, stimulus plans, etc. -- every reason why you should jump back in here -- but all that intervention will accomplish is delay the inevitable washout.