DJIA during the Great Depression and until direct US involvement in WW2
DJIA reached a high of 381.17 on the 3-9-29
The DJIA declines to 333.27 by the 18-10-29 or looses 12.56%.
Crash starts 21-10-29 and falls to 198.69 by the 13-11-29 or looses 47.87% from its high on the 3-9-29.
Market starts to revive. From the 13-11-29 to the 17-4-30 the DJIA rises to 294.07 or 48.00% from its 13-11-29 low.
From the 17-4-30 the market starts its long and by far more dramatic fall. By the 8-7-32 the DJIA has fallen to just 41.22 or looses 85.98% from its 17-4-30 high or 89.19% from its all time high on the 3-9-29.
Between 11-7-32 to 5-3-37 the DJIA rises from 41.22 to 194.14 or 370.98%.
Second market crash starts on 8-3-37 and lasts until 31-3-38. In this time the market declines to 98.95 or looses 49.03% from its 5-3-37 high.
From 31-3-38 to 7-12-41 the market is stagnant until Japan bombs Pearl Harbor.
DJIA during the Great Recession 2007 - ????
New high of 14164 on 9-10-07.
Market starts to decline on 10-10-07.
By the 12-9-08 the DJIA has declined to 11421.99 or lost 19.36%.
The crash starts from the 15-9-08.
Market finally bottoms on 9-3-09 at 6547.05 or 53.78% below high reached on 9-10-07.
Market starts to revive on the 10-3-09. By the 9-6-09 the DJIA was at 8778.32 or had climbed 34.08% from its low on the 9-3-09.
So where are we now? On a strictly technical basis the current rally probably has no more than about two to three months to run. If history is to repeat itself and so far it has, we will probably see a long and protracted decline in the DJIA which could see it reach unthinkable levels by the end of 2011. Lets just hope though that history doesnt continue to repeat itself, for all our sakes.