The duration of the initial decline is different, but the rebound rally and bank run is eerily similar, as is the mass complacency taking place right now. Back in 1930, pundits generally believed that the worst was over even though under the surface the economy was imploding. The Dow decline in 1930 was not as steep as the 1929 crash however it ultimately took the Dow down -90% by 1933. VIX - Monitoring for a breakout above 20.00 Pattern recognition forecasts that the next Buy Signal (blue arrow) will coincide with a pop above 20 and virtually guarantee a run into the 30's, minimum.
