The graph below superimposes 22 years of the NASDAQ (1989-2010) over the Dow (1920-1943). The charts of each index have been aligned to clarify the similarities between the Dow and the NASDAQ during those two periods.
The similarity could be the result of a repetition of cyclic forces, manipulation or chance.
There were those who said that a crash similar to the 1929 crash would never happen again. The above graph of the NASDAQ amply proves the weakness of that assertion. World War II is widely given credit for lifting the stock market out of the Depression.
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