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Global Macro's Raoul Pal: Here's Why A Crash Is Coming

Started by milbank , May 18 2010 08:39 PM

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#1 milbank

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Posted 18 May 2010 - 08:39 PM

You can read his article below.


http://www.businessi...wo-weeks-2010-5

A chart from the article. The S&P 500 1929 on top of the S&P 500 2010. . .
I noticed this with the dshaw.com chart comparing the major bear markets ('29, current and the Japanese in the '90's) I posted Monday night. This shows the comparision more acutely.

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  • crash.png

Edited by milbank, 18 May 2010 - 08:47 PM.

"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw

"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe

#2 maineman

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Posted 18 May 2010 - 08:52 PM

I've been at this for nearly 30 years. Every time the market gets hairy someone pulls out the charts comparing the present conditions (whenever) to 1929. And everytime nothing even remotely like that happens. Be pretty cool if, after my 30 years, this finally turns out to be true? mm
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#3 milbank

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Posted 18 May 2010 - 08:52 PM

Correction: I meant to say dshort.com chart.

"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw

"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe

#4 milbank

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Posted 18 May 2010 - 08:54 PM

I've been at this for nearly 30 years. Every time the market gets hairy someone pulls out the charts comparing the present conditions (whenever) to 1929. And everytime nothing even remotely like that happens. Be pretty cool if, after my 30 years, this finally turns out to be true?

mm


I report. You decide. That being said, show me a chart of the S&P 500 over the last 30 years (outside of '87) that lines up to the '29 like this.

Edited by milbank, 18 May 2010 - 08:57 PM.

"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw

"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe

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