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Today marks the anniversary of the largest single day market decline in history, otherwise known as “Black Monday”. This article (Black Monday), posted on our website, compares the market and economic conditions leading up to the crash of 1987 with our current environment referencing both
Fundamental and Technical gauges. It’s a very interesting report, in my opinion!

Below are a few of the main takeaways:
• RECENT GAINS NOT INDICATIVE OF ANOTHER CRASH DESPITE STOCKS’ STEADY ADVANCE
• THE CURRENT RALLY IS A FAR CRY FROM 1987
• MARKET BREADTH IS MUCH STRONGER TODAY THAN IN 1987

If this research is correct, and I believe there is solid evidence to back it, we are in a far better position than that dark day in the late 80’s!

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http://www.cascadefs.com/not-so-happy-anniversary-today/
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