His article, which also appears on Trend Macrolytics website, demonstrates the eerie similarities between the course of the S&P 500 leading up to the double dip recession in 1938 and the course of the S&P 500 over the past year. The article is well worth reading, but the chart below, which was made by Trend Macrolytics, summarizes the salient points of data in a glance.
If you believe the stock market can presage the future direction of our economy, then this is the kind of information that bears thoughtful scrutiny.
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