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Charts 19
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May 5, 2008: Chart of the Day
Updated Chart of the SP500 in the 1990 vs 2008 Recession.
The similarity between the stock market bottom in 1990 and 2008,
as illustrated in the Charts of the SP500 of the two periods, has been
highlighted in this site since February and continues to be striking. See:
The scenario for a possible stock market bottom:1990 recession re-visited again
In the past two days the SP500 has reached the 200 days mavg
(blue line) which, like in 1990, is likely to offer considerable resistance
to the further progress of the rally seen during the past few months.
Updated Chart of the SP500 in the 1990 vs 2008 Recession.
The similarity between the stock market bottom in 1990 and 2008,
as illustrated in the Charts of the SP500 of the two periods, has been
highlighted in this site since February and continues to be striking. See:
The scenario for a possible stock market bottom:1990 recession re-visited again
In the past two days the SP500 has reached the 200 days mavg
(blue line) which, like in 1990, is likely to offer considerable resistance
to the further progress of the rally seen during the past few months.
| SP500 1990 vs 2008 |
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| Data as of May 5, 2008 |
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