Ed Yardeni, chief investment strategist at Yardeni Research, applied those words to what, for most observers, has to feel like a unique climate for playing the market these days.“We live in interesting, though not unprecedented, times,” he wrote in a blog post. “The Roaring 1920s could be a precedent for the Roaring 2020s.”
“The good news is that the bad news during the previous precedent was followed by the Roaring 20s,” Yardeni wrote. “So far, the 2020s has started with the pandemic, but there are plenty of years left for the prosperous 1920s to become a precedent for the current decade.”“Today’s doomsters could be confounded by biotechnological innovations that deliver not only a vaccine for COVID-19 but for all coronaviruses, Yardeni said. “Scientists are investigating an array of approaches to fight COVID-19.
“The 1920s ended with a stock-market meltup followed by a meltdown,” he said. “The 2020s may already be seeing a meltup, begun on March 23.”
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1920's: 1. Rise of communism and fascism 2. KKK peak membership 3. Prohibition 4. Scopes Trial (Anti-Evolution) Good Times Ed. Good Times.
Any reference of the stock market and the 1920s sends a chill down my spine!
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