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Let’s take a fresh, up-to-date look at the 1930/2020 analog. I have tinted what I see as the four analogous zones (1929 is on the bottom, the present day is at the top). As always, click on the image for a huge version. I think you’ll be inclined to agree………….the similarities are compelling.

Although I would never imagine that we’ll have the “follow-through” to this (the arrow marks the spot) due to a gargantuan Federal Reserve willing to print however many trillions of dollars are necessary to keep fake prosperity alive, I still think the analog above is worthy of respect, at least until such time that the present day parts well away from its past. Until then, keep a sharp eye!