Big Swings, from Jim Sogi
Between 1962 and 1984, the Dow made five 30-40 % swings up and down from 1000.
There were huge interest rate and tbill swings also with Volker.
1946 - 1981: Bear Bond Market, yields soar from 2% to above 15% during 1981.
With the Gold standard there were some big liquidity squeezes.
We were coming out of two big losing wars.
I see many similarities to the current era.
Scott Brooks adds:
Similar demographics are very much in play.