Every time we see another week of declines, our eyes are drawn back to this great chart from Doug Short on the shape of monster bear markets.

Not only are both Japan and 1929 interesting shape-wise, there are real historical analogies between them, what with the establishment of stimulus, and then the cessation of it “prematurely” some would say.


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Original source at: Money Game | http://feedproxy.google.com/~r/TheMoneyGame/~3/euXuGLMEd1w/mega-bears-update-june-26-2011-6

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