May 22, 2006

Correlation = Causation, Big Media Incident #3, 200,341

When Black Monday comes, I'm going to sell everything I own:

CONDITIONS in the financial markets are eerily similar to those that precipitated the “Black Monday” stock market crash of October 1987, according to leading City analysts.

A report by Barclays Capital says the run-up to the 1987 crash was characterised by a widening US current-account deficit, weak dollar, fears of rising inflation, a fading boom in American house prices, and the appointment of a new chairman of the Federal Reserve Board.

Whoa, such stunning parallels amongst five indicators cherry picked from the thousands available. Dude, that's amazing.

Posted by Charles Austin at May 22, 2006 11:30 AM