I have attached a graph of the All Ords index - with the bottoms of Nov 1987 (orange line) aligned with post-2007 (ie Feb 2009) aligned. It's remarkable the pattern we see of the index post these two bottoms and how similar they are. The major exception being early 2012 (which is compared with late 1990)
While historical data is not a predictor etc etc - does anyone have suggestions for why the pattern is so similar?
I am thinking along the lines that both were a result of credit contraction and this works its way through the economy / business cycle in a similar manner.