Debunking the Causality between pre-Great Depression and Now (Chart)

The market participants must be on the edge now given market charting all time high. Analysts tend to over analyze rather than acting in a rational manner.
So without further ado, let's debunk the myths. i) Correlation does not always equal causation but it does provide an insight into investors' sentiment/mirror its behaviour over time ii) My previous article had posit however that we may be transitioning into a secular bull market.

1) Dan Greenhaus of BTIG (@danBTIG) includes this chart in his latest nightly email. It shows the current market aligned with the market in the days before the Depression.

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