Wednesday, April 4, 2012
Comparing 2006 to 2012 revisited
The economic cycle theorist in me feels compelled to draw a parallel between 2006 and 2012 mostly because since 2009 the S&P 500 has tracked the path of the last cycle extremely well. Below is an updated chart comparing 2012 thus far to 2006. We've already risen as much as we did in all of that year, so (stating the obvious) either there will be a pullback or the historical relationship will break down.
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