The Financial Times is running the above chart of the October 1929 stock market crash and the October 1987 crash, along with the chart of the current stock market.
In the EPJ Daily Alert, I am advising that investors should be very cautious of the general stock market right now but that I see no threat of a recession.
-RW
Everyone's waiting for "the crash". It's most likely we're gonna get a nice head fake down first and then the EU starts to really crumble and the DOW heads to 40K in short order as the dollar soars to 1985 high 165. THEN, we get the dollar and equities sell-off everyone's waiting for.
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