"A decade after the financial crisis, the casualties of the economic near-collapse are fading from memory..."
Below is my take on what is the same, worse, far worse:
First, then as now, stock buybacks were at the cycle peak, amid deteriorating market breadth:
Emerging Markets were in meltdown mode then as now, although my currency and credit charts don't go back that far:
Crackberry was the must own device back at the top in 2007.
Now of course it's Apple. Chinese manufacturers were going into meltdown mode then, as now:
The cyclical-heavy Dow outperformed the S&P 500 up until the beginning of 2008, and 2018.
And then the Dow underperformed until September 2008:
Almost a year straight of short-covering in Retail stocks:
Global reflation trades were/are imploding:
Homebuilders of course getting annihilated
A bit too much speculation in junk stocks going on at the time:
Global Trade rolling over
Global Financials rolling over
Late cycle Ponzi reflation:
"A Flight to safety" into U.S. Financials predicated upon the belief that they are decoupled from the rest of the world, and otherwise net beneficiaries of "reflation":
