The #StockMarket – it rhymes…

It is said history may not repeat so much as it rhymes.

Repeats, rhymes, whatever.  This time looks more like a repeat.

The chart below featuring the Nasdaq Comp (the heavy green line with the diamond) shows the market action pre-election and the reaction since in comparison to the Brexit sell-off in June (the plunge on the left). Note the one-day dips (most recently last Thursday) before the next big run in both instances (the darker green circles), which is to say the market is above to keep going higher, maybe all the way to Christmas.

Yeah, at least a rhyme.

(right click on chart for a larger view)

it_rhymes

 

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