Any investor has heard that past performance is not an indicator of future results. But when it comes to an expected looming recession, many people are looking to previous ones for a guideline of what to expect.
Nikolaos Panigirtzoglou, a strategist at JPMorgan, is the latest to chime in, noting that the stock market's pattern of late is very reminiscent of what was seen in the days leading up the 1969 recession. Fortunately, for consumers, that one proved to be fairly mild.
