General News stock market parallels 1929.

Thats...reassuring...dunno how legit it is but still kinda scary that it follows the other pattern so closely.

 

This chart first circulated in November, when it was countered and pretty handily shut down. When you look at it in percentage terms, it's much less apocalyptic.

1929 Stock Market Crash Chart Is Garbage - Business Insider

 

Interesting..

But take enough graphs and some will fit each other. And there are massive differences between now and then.. In our time, the crash has already happened for instance.

Not that there won't be any more crashes. They're a part of our economic system, so expect to see more (little and big ones) in your lifetime.

 

I'm generally inclined take this stance when thinking about it logically, the pragmatic approach.


That said, for the emotional side... if I believed at all in prayer.


---------------------------------------
That said, tend to agree 100% with this random quote in the comments section...

 

There are a lot of rumours of a crash going on these days, personally I believe it will happen.

 

This.

 

Yeah, but everybody's not buying stocks on the margin, which was one of the biggest things that lead to the crash of 1929.