The Year of 1873
The Lichun Bazi for the year was 12:50AM 4 February 1873. Yin fire is relatively weak born in the month where wood element is strong, however, there were 3 water element and 2 metal element which drain the yin fire. 癸酉年柱 cause 丁亥柱落空亡, which represent some danger around May-June-July period. 丁亥柱 created a vacuum in 午(禄神) and 未(食神).
From Feng shui perspective, 一百当运, 三煞在东, 一百入中
Railroad was the most prosperous sector (流动性行业, 运输行业), like water, it moves and facilitates transportation. This was helped by US government giving away land grant to contractor in exchange for railroad. Businessmen were more than happy to build railroad from nowhere to nowhere in exchange for free land, as land speculation was a national pastime.
On I-Ching, 1873 was given Hexagram56 - 'Sojourning', 下下卦, 子孙持世, 求功名就艰难. A bad hexagram and can mean job loss etc. It doesn't really explain the Panic of 1873 in this case.
Moving to market itself, the composite model only expect some economic hardship in 1874 and the Sabbatical cycle only began from Sep 1874 - 1875.
The confidence model was also only partly correct in this respect, whereby it already predicted a downtrend in 1871 to 1873.85 which is early November of 1873.
I think why most reference model failed in this year was because the Panic of 1873 was brief and short, because towards the end of 1873, it was followed by a strong rally in the US, where the lowest point was only made in 1877.
The only exception in this case was Benner being able to anticipate the downtrend beginning from 1873 and ending on 1877.
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