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Will 2014 Be Another 1929 – This Chart Says Yes… So Far

By on February 26, 2014
Trading on the New York Stock Exchange
Here is a fascinating chart comparing the stock market in 1929 to the stock market today. They move almost exactly together. We will have to see what the rest of the year brings. The stock market has been booming, but is it really frothy yet. Not sure it’s there just yet.

But remember, in order to be able to buy the best companies at the lowest prices, you need to have cash on hand to make those purchases. That is the Warren Buffet way to wealth and it works every time it’s tried. So while this chart may not predict the future, it should be a reminder that as the market nears the end of a boom cycle, you may want to store up some cash to pick up the bargains when it busts…. And eventually it will bust.

Humble Student of the Markets: How 2014 could be like 1929

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The Staff of Empires & Ashes works to bring you the best news and resources to help protect you and your family during these turbulent times.

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