Comparing today's published unemployment rate to historical rates is meaningless. Today's unemployment rate calculated as it was calculated in the first half of the 1900's would be about 12%. See: www.shadowstats.com/ar... and www.shadowstats.com/al... .
Investor Sentiment and Market Returns: Now's the Time to Be Bold [View article]
Wish you would have included data on 1929 and 1970 - all your data points reflect recent observations in a cyclical bull period. Things could well be different now.
A Far Cry from "Hooverville" [View article]
Investor Sentiment and Market Returns: Now's the Time to Be Bold [View article]