Loading ...DOW 100,000 in 2032
I did this chart a couple of years ago and I have forgotten about it.. just updated it.
The chart was inspired by Rambus during a visit he and Mrs. Rambus had with us
Everybody and his Donkey was calling a top but Rambus kept saying we just had a breakout !
Nobody saw it of course …but as i stood beside him and his computer…there it was ..plain as day
And NOW the fractal with 1987 is complete.
Note the breakout and backtest in the fractal
PUT OURSELVES BACK IN MARCH ( 4 SHORT MONTHS AGO)..It certainly felt like the end of the world as we know it.
In some ways it still does BUT..That was IT…the Dow crashed 36% in a couple of weeks
We expected a dead cat bounceand then down to new lows.
What else could it be ?
The whole world just STOPPED indefinately …the Dow HAD to crash much further.
But THAT WAS IT ! Short and Sweet !
Just a tiny blip on the way to 100,000 !
That’s how this will be remembered .
The 4 previous crashes were all worse ! Amazing !
Pretty cool in an inflationary sort of way. I suppose the dollar will have finally reached zero at DOW 100,000.
Yes pretty close and whither Gold ?
maybe the fabled 1:1
🙂
LOL!!! ” fabled 1:1″ something which happen several times and possibility of happening again is not fabled: is reality.
At every high or low label the ratio: Like 1980 it was 1:1.
The index is is not even reality. components of Dow has been changing. No original companies is part of current index mix. 90% disappeared. GOLD is still the same from day one.
Good points. Gold is eternal.. while new crop of recruits cant keep uo.