2013 Looks a Lot Like 1937 in Four Fearsome Ways
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Nov. 19 (Bloomberg) -- Will 2013 be 1937? This is thequestion many analysts are posing as the stock market hasdropped after the U.S. election. On Nov. 16, they noted thatindustrial production, a crucial figure, dropped as well.
In this case, “1937” means a market drop similar to the oneafter the re-election of another Democratic president, FranklinD. Roosevelt, in 1936.