Tuesday, May 27, 2014

Market Crash Averted?

Being somewhat of a contrarian I use the above headline with trepidation as I look back at the number of articles published in February and March of this year that equated the 2012 - 2014 market with that of the crash of 1928 - 1929. We wrote an article in mid February, 1929 Crash: Charts That Mislead Investors, that pointed out the difference between 1928 - 1929 to 2012 - 2014. Fast forward to today and the so-called "scary chart" looks like a crash has been averted. The below chart is courtesy of Yardeni Research and the chart would indicate the market is not following the 1928 - 1929 pattern.

From The Blog of HORAN Capital Advisors

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