Stunnning Chart: Today’s Stock Market is Eerily Reminiscent of 1929…

Stunnning Chart: Today’s Stock Market is Eerily Reminiscent of 1929…
Mac Slavo
December 4th, 2013
SHTFplan.com
Comments (165)
Read by 11,307 people


With the Holiday shopping season off to a slow start according to preliminary retail sales numbers and with the stock market sitting near all time highs, one can’t help but wonder what will happen when investors realize the economy isn’t really doing as well as we’ve been told by the experts.

The evidence suggests that we can expect devastating global economic changes in 2014 as a result of our national debt, further impoverishment of the working class, and massive new tax burdens resulting from President Obama’s health care legislation. The fundamentals, by most accounts, are indicative of an economy on the cusp of a total detonation within the next year.

Now, with the prospect of an abysmal shopping season for retailers because of tapped out consumers, the first quarter of 2014 could cause serious problems in financial markets as a result of lackluster performance in corporate earnings.

What’s more, the trajectory of our stock markets over the last eighteen months has been eerily reminiscent of markets back in 1929, right before the crash that led to a decade’s long depression in America.

Ken Jorgustin of Modern Survival Blog writes:

Is there a major financial crash in our near future? You must check out this stunning analogy between the current day Dow Jones Industrial Index compared with the time period 1928-1929 leading up to the memorable stock market crash…

The pattern of stock price movements looks VERY close to the lead-up to the 1929 top.

A lead-up to just any old top is one thing, but the 1929 top was followed by a memorable decline, which makes it all the more worthy of our attention…

Ken stops short of predicting that stock markets will do the same thing this January as they did in 1929, but take a look at this amazing comparison and decide for yourself if it’s possible that this whole thing will break wide open on or around January 14th of 2014:

major-stock-market-crash-in-january
Chart by McClellan Financial Publications via Modern Survival Blog



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Look at this long term S&P500 Index Chart, it represents 500 biggest US stocks, notice the cycles, each one is completed in about 7 yrs, 5 yrs uptrend and 2 yrs downtrend.  We are now about to finish the 5th yr in an uptrend from the market crash of 2008.  


My estimate for the start of downtrend is around Spring 2014 and will probably hit bottom in Fall 2015. Hmmm, looks like it's tracking the Blood Moon Tetrad?

http://www.trendystockcharts.com/wp-content/uploads/2013/09/SPX-2013-09-30.png

January 14 1929 was Black Friday. I would say January 9th is going to be significant.