There are other similarities between now and 2007. . .
The charts below compare the S&P500 during the GFC (top) and now (bottom) aligned by the months. Since July the dates of the highs and lows have been bang on. Going forward, this predicts a 1 week dip until Sept 1, then a strong Sept rally with the top happening on Sept 30. The election is a week later on Nov 5 (red vert. line).
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XJO - Bear Posts only (Factors which might cause the markets to fall), page-16971
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Last
8,118.8 |
Change
-41.200(0.50%) |
Mkt cap ! n/a |
Open | High | Low |
8,160.0 | 8,160.0 | 8,063.2 |
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