Only this time instead of a New Deal we'll get a Fundamental Transformation.

Feb. 11, 2014, 6:30 a.m. EST
Scary 1929 market chart gains traction
Opinion: If market follows the same script, trouble lies directly ahead
Mark Hulbert

CHAPEL HILL, N.C. (MarketWatch) — There are eerie parallels between the stock market’s recent behavior and how it behaved right before the 1929 crash.

That at least is the conclusion reached by a frightening chart that has been making the rounds on Wall Street. The chart superimposes the market’s recent performance on top of a plot of its gyrations in 1928 and 1929.

The picture isn’t pretty. And it’s not as easy as you might think to wriggle out from underneath the bearish significance of this chart.



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More:
http://www.marketwatch.com/story/scary-1...tion-2014-02-11

Quote: Frank Cannon wrote in post #2

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There is a HUGE difference between then and now. Back then, they didn't have a massive injections of QE into the market to keep companies claiming a profit through non-GAAP from collapsing. The Dow and NASDAQ will not be allowed to fail. It would mean that all the geniuses running things, like Mr Yellen, were wrong.

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Roberts says, “It’s gone on longer than I thought it could go on. I didn’t realize all the deceptive and crooked methods they would use to rig the markets. The notion that a democratic capitalist country having its markets rigged by its own authorities–it blows the mind. This is not normal. What will they do next? I don’t know.”
Dr. Paul Craig Roberts-U.S. Markets Rigged by its Own Authorities–It Blows the Mind

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