Email of the day (2)
Comment of the Day

June 11 2010

Commentary by Eoin Treacy

Email of the day (2)

on a 1930s comparison
"Interesting charts plus a collection of clippings asking if this is a mirror of 1930.


"Of course, I understand that the market will tell us soon enough, but the speculation is fun (grim fun). Regards, and keep up the good work."

Eoin Treacy's view Thank you for this informative set of illustrations and quotes. I don't believe this is a replay of the 1930s because there are significant differences, not least the proactive approach taken by central banks, globally, to this crisis. However, in the short-term there remain headwinds for the stock market and the recent S&P500 lows near 1050 will need to hold if a further test of underlying trading is to be avoided.

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