Scary 1929 Market Chart - huh?

[hendi_alex]

World economies are far more connected than they were in 29. Governments are far more levered than they were in 29. There are still some serious currency issues unfolding and yet to unfold. The chart may be nothing more than an interesting coincidence, but for now my bias is toward raising cash, up to the 25%-30% level. Will likely hold at that level until uncertainties settle and until divergence from the chart takes place.