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With only a few trading left for the “aughts,” I’m reminded that many cycles have begun and ended when the tens digit changes on the calendar. There was, of course, some unpleasantness in 1929. Also, the price of gold peaked a few days into 1980. The Japanese market peaked on the very last day of the 1980s. The Nasdaq’s run reached its zenith not long into 2000. Gold also reached its most recent low point in mid-1999.

If read this kind of thing in the newspaper, I’d dismiss it as someone being fooled by randomness. Still, it is interesting to note.

Posted by edelfenbein at November 4, 2009 9:49 AM