August 15, 2011
The New York Times thinks maybe it is. Here's a link to a front page article from Friday:
Aftershock to Economy Has a Precedent That Holds Lessons
But maybe all it proves is that journalists maintain archives. With the internet, we now have archives, too, and I remember similar comparisons to the '29 crash from 1987. Check out this front page from the day after the October 19th crash:
Journalists extrapolate the present, just like anxious investors. It is seldom a useful exercise for either.
GTC
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).