Loading ...This is The Top.
This chart was posted by another member back in mid 2016 or there abouts. I can not remember the name of the member who posted it. If I remember correctly, it was linked in the comment section of another post. The desire to review it hits me from time to time. I am not expressing what I believe’s going to happen nor am I qualified to do so. I’m simply sharing it for what ever its worth. Thanks Fully for encouraging the re posting of it.
It’s definitely right this time. Lol 🙂
Wow 1929 stands out by a mile. Visually we are still missing blow off top.
DJIA is a composite average of top 30 US industries. Comparing to all the way to 1900 is misleading.
None of the industries of the time except for GE is part of the mix. This average does not take account of all the bankrupt companies in the index. So really it was the top at the every time of the moment.
Average got boos by additions and deletion of boom and busting companies.
Every time top was declared was correct because those failing comanies were booted out of the average.
Very good points Bikoo. Thanks for the perspectives.
Deceptive chart for the self loathing.
Adjusting for Inflation draws a diff’t picture. In fact I believe it should be the de-facto long term measure given CB econ management is rooted in debasement of what paper will buy.
D/G now at 17.53 I guess I’d consider this high historically but doesn’t mean it can’t get higher – I’d also like to point out that the latest 8 year rise in the ratio is almost entirely based on the perceived ‘effectiveness’ of QE, it’s kool aid I can not drink.
http://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-historical-chart
YYZ. There is no doubt there are many different factors along the historic development of the DOW’s history. Some Im familiar with and most Im not. Your correct, adjusted for inflation, it does paint a different picture. I have lost my ass over the last 5 years following one failed QE Gold Bug call after another. As for the effectiveness of QE, if the agenda is to extend the pretend till years down the line, then I would have to say its been very effective. The real effects will eventually surface however, Im not going to hold my breath waiting for it. I glad Im now following sites like the Tent, Spock and Rambus. Thanks for taking the time to express your views. Getting feedback like this was the main agenda for posting it.