Black Mondays in history.

[compscidude]

1929: The Dow Jones peaked on September 3rd at 381.17.

The Great Crash of 1929, Black Monday, was 55 days later, October 28th, drop of 13.5% in one day.

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1987: The Dow Jones peaked on August 25th at 2722.42.

The Crash of 1987, Black Monday, was 55 days later, October 19th, drop of 22.6% in one day.

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2022: The Dow Jones peaked on January 4th at 36,799.65.

So 55 days later would be ... February 28th. Coincidentally... a Monday.

Today.

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Of course there's no logical reason to assign meaning to day 55 after a peak in the Dow. Or to assign meaning to Mondays, though you'd expect more chance of bad news over a weekend because you have some extra days in which it can happen.

Still, the odd coincidence will be in the back of people's minds.

And according to Soros's principle of reflexivity in finance, sometimes, enough people believing in something, can make it actually happen, in finance at least. Last year's Gamestop/AMC/Tesla madness being perfect examples.

Combined with a spectacular series of financial/economic events over the weekend and continuing today, the combination of superstition and real events could catalyse one another.

Going to be a quite interesting day I think.

comp

Sources:

[1] https://www.thebalance.com/what-is-blac ... 15-3305818

[2] https://www.nytimes.com/1987/08/26/busi ... 22.42.html

[3] https://time.com/3207128/stock-market-high-1929/

[4] https://www.thebalance.com/dow-jones-cl ... 29-3306174

[compscidude]

Hallelujah! Through our faith in the bull market we have been saved and the end of days averted.


However, consulting the ancient bearish runes, and the horoscopes of pessimism, I can see that TOMORROW is now the new end of the world.

Or if not then, the day after.

And so on, ad infinitum ...

[NotSure]

https://www.youtube.com/watch?v=hd8PCJ3pTHE