Is the stock market repeating the 1929 run up to the great depression?

Is stock market history repeating … or throwing a head-fake?

Washington’s Blog

Hulbert notes that the chart “has been making the rounds on Wall Street.”

On the other hand, Martin Armstrong predicts that a worsening economy – and bank deposit confiscation – in Europe will cause people to flood into American stocks as a “safe haven” for a couple of years.

And the Fed has more or less admitted that propping up the stock market is a top priority.

Chart courtesy of Tom McClellan of the McClellan Market Report (via Mark Hulbert)

THIS ARTICLE ORIGINALLY APPEARED AT Washington’s Blog

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