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Chuck Jaffe: Why the U.S. Stock Market Now Has Scary Parallels To 1929
FYI: Russell Napier is a stock market historian who sees bad things coming in the near future, and an old-style solution for investors looking to push through.
Author of “Anatomy of the Bear: Lessons from Wall Street’s Four Great Bottoms,” Napier has studied extensively what goes into a decline that takes U.S. stocks into bargain-basement territory. The four great market bottoms — and his definition excludes the financial crisis of 2007-08 — occurred in 1921, 1932, 1949 and 1982.
