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SCBFF - The Road To Weimar Goes Through The European Banking System
Standard Chartered Plc
Only centenarians are old enough to actually remember, but the crash of 1929 was followed by 5 months of a very impressive and convincing recovery in stocks. After the October/November crash, the Dow Jones rallied about 45% from 200 in November all the way back up to 290 by April of 1930. Check this chart from ZeroHedge from February 27 this year (my bear market rally annotation added).
We see history with a retrospective eye, but nobody experiencing it knew that the October 1929 crash was just the beginning. By April 1930, many thought it
