The New York Times thinks maybe it is. Here's a link to a front page article from Friday:

Aftershock to Economy Has a Precedent That Holds Lessons

But maybe all it proves is that journalists maintain archives. With the internet, we now have archives, too, and I remember similar comparisons to the '29 crash from 1987. Check out this front page from the day after the October 19th crash:

NY Times Front Page 10/20/87

Journalists extrapolate the present, just like anxious investors. It is seldom a useful exercise for either.


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