DJIA 90-year pitchfork

٢٠ ديسمبر ٢٠١٨

Drawing a line from the 1929 top through the 2000 top, the two great bubbles of the last 100 years is surprisingly consistent with the lower line when viewed on a log scale, which is the only scale that makes sense for long-term charts. It is then not hard to find events which caused the market to touch the edges of the pitchfork.