Several weeks ago when I was ranting how 2016 looks nothing like 2008, 2016 not a 2008 Redux and later The One Comp to 2008 that Does Hold Water I compared the January 2008 period to that of 2016. It’s a comp that continues to make the rounds so here it is updated, yet again.
If this comp continues to work, which they seldom do to fruition, here’s what’s coming next.
Remember, the January 2008 decline was 20% all in and 2016 was roughly half that if you are looking to forecast the magnitude of the current rally.
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