G. P. Rouse

U.S. Stocks Look Like They're Still Headed Lower

Remember that in 1927-1929 the market was almost up 200% in that short-time period - a much steaper amplitude for that period. It was very similar to the Nasdaq bubble than to the recent market crash. If you look at the 100% rise in the DJIA in the last 5-7yrs, it has all been wiped out. But we had nowhere near the ascent of the market during the roaring 20's - although some emerging markets do have similar charts like the DJIA in 27-29.