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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.41+0.2%4:00 PM EST
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To: GROUND ZERO™ who wrote (57198)2/10/2014 12:41:55 PM
From: Nevada99993 Recommendations

Recommended By
D.Austin
gold$10k
GROUND ZERO™

  Read Replies (2) of 218309
 
I'm seeing a number of long term charts on this board today, so I'll add this piece from Citi of all places. It may be worth your while since gold has been a side topic here. In my mind, the current rally to new highs on the Dow/S&P with moderate PE ratios is reminiscent of the 1972 high which broke old long term highs at Dow 1000, went to 1200, then failed. I can't see another 1982-2000 type bull market going onward presently, since the bond market couldn't be much more opposite from 1982. This article suggests to me that the 1976 recovery high on the Dow from the 1973-4 bear is perhaps even more similar to our present situation. Full disclosure, I'm biased towards gold and suspect the masses are due to be re-introduced to the concept of a gradual bear market in the Dow as opposed to the v-bottom panics they've grown accustomed to. Interested in your take and any thoughts from the board.

Message 29378492

Edit: One more comment. Around 1976 is when stagflation really kicked into gear. Inflation adjusted, the 1980 bottom in the Dow at 800 was much worse than the December 1974 low in the Dow at 590. The Dow/gold ratio was 1 in 1980 with both of them at 800.
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