The Bloomberg article by Michael Patterson, "U.S. Stocks Tumble, Sending Dow to Worse June Since Depression" has many discussing its implications. The single data point may have drawn some to conclude the markets are performing similar to The Great Depression era, and arriving at the wrong context. In contradiction, utilizing image recognition algorithms, the price series that is most similar from 80 years is the Vietnam War era, not just for this month but the last several months. Vast difference in context between war and famine.

Reference the Dow price charts below, the red charts are the present, and the gray are historically similar price charts (1965 and 1968).

The Dow component's price trends remain weak at an average of 60% probability of an uptrend within 1 month. Detail price analysis of each component is available within the links below; drill in to determine historical price consistency of similar chart patterns for this month based on 30 years of price data.

50% ibm
50% mmm
38% jpm
42% dd
46% ge
57% aa
85% xom
46% c
64% axp
53% hon
50% hd
71% mcd
71% pg
46% pfe
57% gm
38% mrk
50% aig
50% msft
64% vz
71% ko
50% wmt
61% ba
46% cat
61% hpq
78% jnj
64% dis
53% t
64% utx
50% intc
76% mo

JP Morgan Chase price analysis may explain why CEO James Dimon said what he said --"The recession is just starting. " As for its implications to JPM, it wasn't a surprise for me, even with the fire sale of Bear Stearns. Historically, investor sentiment for JPM compared to today's pricing dynamics aren't reassuring. Sampling over 20 years of JPM price patterns similar to today at various ticks exposed weak historical performances.

Historically the majority of JPM 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, and 12 month price charts similar to today have generally resulted in a downward trend. The correlation of the causations are significant, for the most part well below the statistically healthy range for the ticks sampled.