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CHART OF THE DAY: It's 1929 All Over Again In Greece - Business Insider
Comparison of Athex & Dow Performance After Peak
It's 1929 all over again, but not in the U.S.
As Greek markets hit levels not seen since the 90s, we thought it appropriate to look at how the Dow performed during the Great Depression.
The results, both suffered huge declines. But the big difference: where as the U.S. began to pick back up five years after its fall, Greece continues to tumble lower.
Below, Athex performance from the 2007 peak compared to the Dow Jones Industrial Average and its 1929 peak.
(Note: We believe we saw this chart before, but are unsure where that was).
UPDATE:
Bloomberg's Scarlet Fu was first to report on similarities between the Athex Composite and the 1929 crash. Click here to see her segment >
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