I keep repeating I am not a fan of the 1987 parallel to 2007. I am not saying its impossible — just less likely than other potential parallels (My choice is 1973, Doug Kass’ is 1937).
Yet many readers keep drawing my attention to the 1987 conclusion. As a service to those of you who find this compelling, here is an overlay of the chart several of you have sent in.
Dow Industrials 1986-87 – 2006-07
UPDATE: April 20, 2007 6:21am
This chart (courtesy of Charles) shows the scale of the run up between the two eras to be very different . . .