Sean’s Rant

Take a look at the following chart. The famed October 1929 crash is towards the left of the chart. Look at the bottom of the chart by October before 1930. Then look at what follows it for two more years. In April of 1930 things were lookin pretty good. 

Now, take a look at our current situation. 

Not exactly time to party yet. Not for at least a year if we’re trying to shake the similarities of the Great Depression. Also, the economic indicators continue to get worse, not better. Yesterday’s reports told us that Chrysler, GM, and Toyota all had horrible sales numbers, like we didn’t already know that was coming. CNBC said that these were the worst declines since WWII. Don’t start shorting the market just yet, because it will probably go up some more before it drops again but be on the lookout. If its anything like 1930 it will be a slow progression down, like it was for the last year before October. That’s excluding the hype about tax changes. This view is based on the current status of the economy.

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