Japan vs Great Depression vs Now

I’ve linked to these charts before, but here’s an update via Calculated Risk. The bottom chart is the interesting one.  It adds the Nikkei 225 to the comparison.  Note in particular how long the sideways activity can last as well as how many false positive recoveries the N225 signaled.  If we are looking at a Japan Scenario then it will be extremely difficult to remain disciplined as the markets appear to recover, only to fall again.

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