Phil, I have just been reading further on the Panic of 1907.
It is a very interesting read. There are so many similar themes including the bail out by JP Morgan and lack of confidence but in my eyes, there are bigger non-related themes that are different and more similar to 1929 being that this is a panic over property not about scrip, it affects everyone not just those involved in the markets.
Further the 1907 Panic is central to the US only not Global.
Do you think that what we are witnissing today is not a charting similartity that we seek but rather a time & effect similarity.
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