Words Cannot Describe It SPY (updated)

Updated, still crazy

Comment:

just was doing a little light reading and came across this from 2019. You don't need a subscription because the only part that matters is in the first two paragraphs:

fortune.com/2019/08/...tors-up-for-a-crash/

Comment:

UPDATE

1924
The stock market begins its spectacular rise. Bears little relation to the rest of the economy.

1925
The top tax rate is lowered to 25 percent - the lowest top rate in the eight decades since World War I.

1928***IMPORTANT
Between May 1928 and September 1929, the average prices of stocks will rise 40 percent. The boom is largely artificial.

1929
Herbert Hoover becomes President.

Annual per-capita income is $750. More than half of all Americans are living below a minimum subsistence level.

Backlog of business inventories grows three times larger than the year before.

Recession begins in August, two months before the stock market crash. During this two month period, production will decline at an annual rate of 20 percent,
wholesale prices at 7.5 percent, and personal income at 5 percent.

Stock market crash begins October 24. Investors call October 29 Black Tuesday.

Losses for the month will total $16 billion, an astronomical sum in those days.

Light Reading:
www.hyperhistory.com...reat_depression.html

Comment:

Please see updated futures chart for new reference

www.tradingview.com/...Nle-Where-To-Now-ES/