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Like Just Before the Great Depression

After being down -2.5% on the day, the S&P 500 rebounded 91 points from the low to close green on the day.

Wow is all I've got.

![sp1.png](https://cdn.steemitimages.com/DQmaKaJdUKk3VcpfBsJLcW1ozqsUoY8L7dw3DCwwtf3vi3x/sp1.png)

But with the December slide that we're in the midst of, when you zoom out to a higher time frame chart, this could well be nothing more than a dead cat bounce.

Bulls beware.

Just on that point, how about this from @OddStats on Twitter:

Here's every day in $SPX history (since 1923) that was down at least as much as we were today (midday) and then closed up at least as much as today (at the close).

![sp-down-then-up.jpg](https://cdn.steemitimages.com/DQmQtGQxoYsKNSeRKmDWmMn9VzC8zTkLG9RNeFNtybEmzwh/sp-down-then-up.jpg)

The Great Depression, British Invasion Crash of '62, Black Monday, Global Financial Meltdown, aaaaand today.

They say you can make stats say anything you want to, but my god that is pretty eye opening.

We now head into another low liquidity, Christmas/new years Friday and the stage is set.

Fasten your seat belts.


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Like Just Before the Great Depression was published on and last updated on 27 Dec 2018.