Stunning Chart: Today’s Stock Market is Eerily Reminiscent of 1929…

SHTF Plan – by Mac Slavo

With the Holiday shopping season off to a slow start according to preliminary retail sales numbers and with the stock market sitting near all time highs, one can’t help but wonder what will happen when investors realize the economy isn’t really doing as well as we’ve been told by the experts.

The evidence suggests that we can expect devastating global economic changes in 2014 as a result of our national debt, further impoverishment of the working class, and massive new tax burdens resulting from President Obama’s health care legislation. The fundamentals, by most accounts, are indicative of an economy on the cusp of atotal detonation within the next year.  

Now, with the prospect of an abysmal shopping season for retailers because of tapped out consumers, the first quarter of 2014 could cause serious problems in financial markets as a result of lackluster performance in corporate earnings.

What’s more, the trajectory of our stock markets over the last eighteen months has been eerily reminiscent of markets back in 1929, right before the crash that led to a decade’s long depression in America.

Ken Jorgustin of Modern Survival Blog writes:

Is there a major financial crash in our near future? You must check out this stunning analogy between the current day Dow Jones Industrial Index compared with the time period 1928-1929 leading up to the memorable stock market crash…

The pattern of stock price movements looks VERY close to the lead-up to the 1929 top.

A lead-up to just any old top is one thing, but the 1929 top was followed by a memorable decline, which makes it all the more worthy of our attention…

Ken stops short of predicting that stock markets will do the same thing this January as they did in 1929, but take a look at this amazing comparison and decide for yourself if it’s possible that this whole thing will break wide open on or around January 14th of 2014:

Chart by McClellan Financial Publications via Modern Survival Blog

Could be nothin’… But what if?

2 thoughts on “Stunning Chart: Today’s Stock Market is Eerily Reminiscent of 1929…

  1. Joe Russo has an article over at Safe Haven where he details a chart of the SPX which goes from the 70’s to present. He drew a channel, catching the lows and highs over this period. The SPX and DJIA are both about to touch the top line of this MAJOR resistance.
    The chart which you highlight terminates right about at that level, and in the same time period.
    Accordingly, the dollar has a MAJOR downward resistance line at 90-100 and we’re at around 80 now.
    I think the article may be right on. Which would mean a stock crash and probably a smaller PMs crash ($13.00) silver, while the $ roars to 90 plus.
    And then it hits resistance then crashes and PMs go tudamoon.
    This wouldn’t happen overnight- more like 2014-2016.
    I keep hearing Drowning Pool singing in my head-
    “something’s got to give…something’s got to give…something’s got to give nowwwww”

    1. Good points Bob M.
      When people over spend this holiday and ALL get laid off after the new year It will make this all more fragile for sure. Feb is the best month to crash the system for tptb because most people will be dead in 5 days from weather and no food. Hard to fight back when its -10 outside.
      I cant find silver for less than $26/oz. about $7 over spot. Only 30+% over spot lol. I wouldn’t sell any of my gold or silver for less than 3x-10x spot.

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