@ukarlewitz
There was a very popular version of this chart in Nov '87: the Oct '87 crash with an overlay of the 1929 crash. It showed crash, stabilization, then another 75% down move into 1932.
@ukarlewitz
Funnily enough, most market blow-off tops and subsequent nose-dives look vaguely smilar if you superpose, shamelessly squash time and price scales, and then squint determinedly at the result...
@ukarlewitz
Is it me or does the 1987 chart no look so bad? So if you hold on, about 8 months after you’re down 17%...and that’s literally if you bought everything right at the tippy top