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And the 'rhyming' to the 2007 chart continues.

 

Lets see this drawdown level out, throw a little vix in there, before we recover back to all time highs in about 1-2 months. Then the bottom falls out early next year.  The 2024 chart is just SO close to the 2007 chart.

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Posted
On 8/5/2024 at 12:40 PM, mjd1001 said:

And the 'rhyming' to the 2007 chart continues.

 

Lets see this drawdown level out, throw a little vix in there, before we recover back to all time highs in about 1-2 months. Then the bottom falls out early next year.  The 2024 chart is just SO close to the 2007 chart.

So, a month and a half later from when this thread last had a post:

 

Here is an article from Sept 18 (today being sept 19, a day after the fed cut rates by 50bp)

 

Interest rates slashed to help economy

Fed's dramatic action lowers target on key short-term rate for the first time in 4 years - to 4.75% - and signals more cuts could be coming.

By Paul R. La Monica, CNNMoney.com editor at large

September 18  5:03 PM EDT

 

NEW YORK (CNNMoney.com) -- The Federal Reserve cut the target on a key short-term interest rate by half of a percentage point Tuesday to 4.75%

 

Here is the thing. That article is not from yesterday, it is from 2007. https://money.cnn.com/2007/09/18/news/economy/fed_rates/index.htm

 

-On the same exact date in 2007, the fed cut rates by 50bp, the same date they did this year. 

-In 2007, stocks rallied hard in the days after the cut.  This morning, stocks are looking to rally hard after the cut.

 

I'm not going to repost or restate everything I (and others) have said in this thread, but look at the above posts, the parallels between 2007 and 2024 are really really strange. 

 

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