1929-1944 & 2000-Present Comparison: S&P 500 to Gold ($/oz) Ratio
Most of the market weakness of recent days has been widely blamed on the trouble out of Washington. That's obvious enough. But I keep thinking, suppose the obvious is wrong. Supposing we are experiencing a repeat of the huge rally of 1929-1930, at a time when the economy fell apart even while the market was rallying strongly? That would be a shocker and a situation which nobody was ready for.
Source: Dow Theory Letters
