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.
About Urban Carmel
Urban Carmel Archive
|08/06/2018||August Macro Update: Recession Risk Remains Low||story|
|07/09/2018||July Macro Update: The Economy Is Fine. Trade War Rhetoric Is the Main Risk||story|
|06/12/2018||US Debt Implosion – Is it Time to Worry?||story|
|06/04/2018||June Macro Update: Unemployment Claims at a 49 Year Low||story|
|05/25/2018||Separating an Innocuous Correction From the Start of a Sinister Bear Market||story|
|05/21/2018||Demographics: The US Working Age Population Is in its Prime||story|
|05/04/2018||May Macro Update: A Recession in 2018 Looks Increasingly Unlikely||story|
|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|