1929

It is supposed to be about the stock market, but before I will get there, a bit of detour first. I am just wondering if 2018 will be a memorable year. Most of the history is basically a blur. Just try pick up a random year and than bring one event that happened. Most of the time you will end up blank. Yet, there are years that stand out, that are memorable. Just a little quiz, an easy one: 33, 476, 1492, 1776, 1789, 1914, 1918, 1929, 1939, 1945, 1987, 2000. Congratulations!
Mathematically, those numbers are random. Yet, some folks believe that there is some order in the history and it conforms to predetermined cycles. One theory percolating around that Fibonacci sequence has some predictive power. This is obviously a quackery. Nevertheless, finding some rules, no matter how spurious can make us feel better, providing a comfort of illusion that we have understanding or maybe even control over something that we really do not have. So, we keep trying. Anyway, where I am really going here is simple observation that 89 is a Fibonacci sequence number and it has been 89 years between 1929 and 2018. Does it imply anything particular? Nope, absolutely nothing, just a bit of rambling on my part.
Another interesting and related belief is that history repeats itself, or rather rhymes. This one is actually a good observation, the only problem is that this still does not have a predictive power, since at any given moment similarity may end and the outcome completely diverge, so it is only good in the retrospect.
Well, speaking about similarities, one caught my eye this weekend.
This is Nasdaq chart in the Summer of 2011:

Next is current chart:

Does the similarity determine what's going to happen next?
Obviously not.
Nevertheless, I take seeing possibilities over being oblivious.
Have a blissful Memorial Weekend to All!