February 25, 2009
How low will they go!?
Story link: How low will they go!?
The stock market has almost become a suspicious place to be trading. The crash in 2008 basically replicated that of the 1929 crash and not just on an average basis. The crash in 2008 replicated the stock market crash with the same move happening day by day, which swayed quite a few players to predict the markets stabilisation, similar to that of 1929, which did not happen.
The stock market crash of 2008 played out like 1929 almost to the day. In fact the pattern was so uncannily close, that I became convinced the post-crash rebound would do the same and we would see a similar spring bounce.
That hasn’t happened. After a brief rally into 2009, the markets have ground lower. But now they are at key levels. A breakdown from here and things are going to get even nastier – if such a thing were possible…