Chart of the Day: Stock Market Comparison – 1937 vs. 2010
One of the market shows gave the comparison between the stock market in 1937 and the present year. Equity Clock has recreated this comparison below using the Dow Jones Industrial Average as the benchmark. Keep in mind that the timeframe between the two indices is off by 47 days whereby the April 2010 peak lines up with the peak revealed on March 7, 1937. Subsequently the peak revealed on August 17, 1937 lines up with the present peak. So there is a great deal of manipulation in this comparison to get the two timeframes to line up. The key point that the market show was portraying was that the stock market peak in the second half of the year gave way to an almost 50% decline in the market over the following four months. Shocking!
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