REMEMBER: In 1930, They Didn't Know It Was "The Great Depression" Yet

In the past year, we've written a lot about the similarity between the rally of early 1930 and the one we had through April of this year.

The early 1930 rally came after the market had fallen nearly 50% in the fall of 1929.  The spring 1930 rally took the market up nearly 50% again, to a level that was only about 20% below the previous peak.  

That rally, of course, was also the biggest sucker's rally in history.  After the market peaked in April 1930, it crashed again, eventually ending up down 89% from the 1929 high and more than 80% from the 1930 high.  The market did not reach the 1930 high again for another quarter of a century.

To read the full, original article click on this link: REMEMBER: In 1930, They Didn't Know It Was "The Great Depression" Yet

Author: Henry Blodget