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Two Great Bounces: Comparisons Between the Current Crash and the Great Depression

I'm all for learning from the past, but I scoff everytime I see someone make a comparison like this. I do think that the market needs to take a deep breath after a quick run-up. However... this is not 1929. It's a different millenia... a very different global economy... a different set of circumstances... a different approach to resolving the issues. Do I think the market is going to continue to skyrocket? No. I won't be surprised to see a correction, or at least a moderation of what may be irrational exuberance.

The comparison makes for some cheap entertainment, but that's all it is. If I go by history and compare to 1929... I guess the Cubs will lose the World Series this year and the Red Sox will finish in dead last..... Hmmmm..... running to see my bookie as we speak.