The Perfect Chart For Everyone Who Thinks A 1929 Style Crash Is Coming

Tom Demark made a colossal gloom and doom prediction late last year.

He compared the movements of the Dow Jones Industrial Average in 2013 to the Dow in 1929. The similarities were striking. It was elegantly referred to as Tom Demark’s impending chart of doom.

But his chart, so far, has been terribly wrong. The Dow is up roughly 10% since it was first shared. It’s also hit multiple new all-time highs.

While just about everyone has dismissed Demark’s chart of doom, you may be surprised to hear that, potentially, an even more startling chart has surfaced. It comes from @lunatictrader, and it shows an updated view of the Dow today vs the Dow in 1929. The timeframes have been readjusted, and several annotations on the chart highlight similar central banking policies between the two eras. Take a look:

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