Is This Time Going to Be Like 1929?

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How do you describe the trading action on Wall Street?

A "correction"?  A "Bear Market"?  Or is it more like a slow-motion crash.  A crash that isn't really that slow at all!

Let's take a look at a 2-yr chart on the DJIA:

And 1929-1930?

The difference thus far is the degree of the fall.  By the end of the crash in 1932, stocks has declined by 91% from their peak.

There are some spooky parallels between 1929 and today.

Looking back on 1929, the Pecora Commission was established to try to determine the cause of the collapse in equities and the problems that bank faced subsequently:

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