Best Market Analogy: 1973 or 1907 ?

For most of the selloff and recovery, I have mentioned that my favorite market analogy to our current situation has been 1973-74, which had a 55% collapse and 74% snapback rally.

However, as this market has continued to power higher, it has left 1973 behind, and is looking more and more like the Great Panic of 1907:

1973-75 Market versus 2008-11

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1907-09 Market versus 2008-11

All charts courtesy of The Chart Store

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