Correlations between 70's energy shock and today's market

Discussion in 'Technical Analysis' started by drsteph, May 13, 2004.

  1. Does anyone have the data, time and inclination to correlate the dow from the 1970's with current dow to get a handle on possible effects of the current oil spike? I would imagine you would have to scale and compress the chart. I can't remember the exact dates of what happened (I was 6 at the time), but I sure do think that if you put the two charts on top of each other...

    Has anyone smarter than me already done this and wouldn't mind sharing the graph?

  2. I dont have the data on hand. But I do know that if u relate the gas price in relative terms of inflation... in 1970's it would be as if they were paying $4-5 galon at the pump.

    So in 1970s it was much more of a shock. Also the overall economy was not pumped up with money as this one is.