The markets continue to increase but on very low volumes, which is a source of concern that the current uptrends may not be sustained once the holiday period is over. We are also intrigued by some similarities that we note exist between the stock market movements over the last 2 years with the movements in the Dow Jones index during the 1929 – 1932 period.
Perhaps it shouldn’t be surprising that such similarities exist as our current economic situation has been likened to that of the ‘Great Depression’. We are currently studying the two stoack market periods for clues as to what movements we might now expect to occur in the FTSE and S&P indices over the coming year. We will report on all of this shortly.
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