Dow high in year 2000 was 11772,a level now being defended for third time this year by the PPT.Dow has basically gone nowhere since 1998.Same for the SnP.
Nasdaq trading at less than half its 2000 high.So.for a decade now US stocks haven't been able to beat cash-pathetic!
Nikkei trading at under 14000,its high was in 1989 at 39000+!Thats almost 20 years ago!
In less than one year Shanghai off 61.8% from well over 6000 to under 3000.
Dare I say it but the countries of the latter two markets appear to have the better fundamentals-you know-such things as strong currencies,high savings, huge surpluses,sovereign wealth funds that rescue US banks,educated hard working people,very little welfare,no foreign military adventures that bleed you to death,etc.etc.
Perhaps I'm missing something?
Bullish/Bearish,it makes no difference to me.I'm just a humble trader who would never ever trust anyone in the financial industry to come near my monies and assets.They charge huge fees to underperform cash-brilliant! |
