There seems to be a great many similarities between the way the 1929 - 1930 market crash turned great depression developed and how the Dow has been materializing thus far in the wake of the COVID crash.
With all the interventions by the Fed will we see new ATHs on the DOW? OR Will we see history repeat itself?
The Fed raised interest rates in the Great Depressions. They now view that as a mistake. Bernanke accepted responsibility for the Great Depression on behalf of the Fed. They're going to keep pumping in cheap money and inflating this thing. People aren't buying stocks because they're confident in the market, they're buying them because they think the Fed has their back.
UnknownUnicorn1495183
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Nice find. Looks like we should be headed down soon. How low is anyone's guess.
cloudlite
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instead of burn&reborn like the 30s scenario, I would bet FED won't let it happen which eventually will turn the economy into a zombie mode like Japan's
PriceActionNation
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@cloudlite, I would say there's a real good likelihood you're correct on that one.