Scare the Shit out of Yourself

Two charts below. Top one is the "crash" of 1929. The top of the market was on August 30, 1929. Note that we had a big drop followed by a short rally. You will note it was followed by a still stronger rally that lasted through March of 1930. Then the depression started its long fall to the bottom that lasted through December of 1932. Click on each and really scare yourself



The below chart shows the rally before the storm. Really scary shit since most of us have been raised to believe that "The Crash" happened in one day. It did not. It took a while but then we had a total bear in a cave til after WWII (actually 1953).
To get the whole picture together with super analysis and commentary be sure you go to The Big Picture and read all the commentary. Note that by the time FDR had taken office and the New Deal "fixes" started to take hold the damage had been done and there was no saving it. Even better go here, where the writing is crystal clear and read the entire blog entry where you will find many other links and comments.