Today Is Not Just Like 1987
In 1987, the stock market crashed.
In 2013, the stock market was just like 1987.
In 2014, the stock market was just like 1987.
In 2016, the stock market was just like 1987.
Today, the stock market is just like 1987.
Today is not just like 1987.
Pointing out that today is not like 1987 isn't a signal that "everyone is bullish." It's a statement that today is, objectively, not like 1987. Neither were 2013, 2014 or 2016.
It's also not just like 1929.
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Urban Carmel Archive
|03/09/2018||March Macro Update: Nine Years Into the Recovery, Recession Risk Remains Low||story|
|02/12/2018||Risk/Reward Heavily Biased Towards Near-Term Upside||story|
|02/07/2018||February Macro Update: Employee Compensation Rises to a 9-Year High||story|
|01/08/2018||January Macro Update: Home Sales, Retail Sales and Manufacturing Surge Higher||story|
|12/19/2017||What to Expect From Equities in 2018||story|
|11/27/2017||The Flattening Yield Curve Is Not a Threat to US Equities||story|
|11/16/2017||Solid Sales Growth and Margins at New Highs Drive 3Q17 Results||story|
|11/10/2017||November Macro Update: Recession Risk Remains Low||story|
|10/23/2017||Using Time, Scaling and Inflation to Frame Data (and Mislead Readers)||story|
|10/06/2017||October Macro Update: Hurricanes End 83-Month Employment Expansion||story|