The past doesn't repeat exactly, and I don't expect a repeat of 1929... however, in my opinion we're in a similar deflationary environment and we're 4 months or so from the March bottom of the 2020 crash. I thought it might be interesting to look at the 1929 crash from the point of view of 4 months from the 1929 crash bottom when the market had been rallying. What exactly came next? Take a look.
注释
I don't know when the market tops out... maybe today is the top. But when it tops out, we might not see new highs for YEARS, just like in the 30's.
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