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
|10/06/2017||October Macro Update: Hurricanes End 83-Month Employment Expansion||story|
|09/05/2017||September Macro Update: Employment Growth Slows Further||story|
|08/07/2017||August Macro Update: Slowing Growth in Employment and Consumption||story|
|07/07/2017||July Macro Update: Recession Risk Remains Low||story|
|06/26/2017||This Is What a Bubble Looks Like: Japan 1989 Edition||story|
|05/24/2017||The Worry About Indexing Is Overblown||story|
|05/05/2017||May Macro Update: Two Watch Outs Are Retail Sales and Employment Growth||story|
|05/02/2017||May US Market Outlook – Trend, Breadth, Sentiment, and Macro||story|
|04/07/2017||April Macro Update: Employment Growth Continues to Decelerate||story|
|03/23/2017||A Big Tailwind for the Stock Market Has Now Dissipated||story|