CHART OF THE DAY: For Those Who Don't Believe That History Repeats Itself... Read more: http://www.businessinsider.com/chart-of-the-day-october-3-2011-vs-october-3-2008-2011-10?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Money%20Game%20Chart%20Of%20The%20Day&utm_campaign=Moneygame_COTD_100411#ixzz1Zuh335rz

For Those Who Don't Believe That History Repeats Itself...

We posted this earlier, that the S&P 500 closed at exactly the same level yesterday as it did on October 3, 2008: 1099.23.

Anyway, this is really making the rounds on Wall Street today.

Citi's technical analysis folks sent it out in chart form with the amusing title: For Those Who Don't Believe History Repeats Itself...

As you can see, not only did the market close at the same level, well... markets got slaughtered right after that. Read »