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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: basho who wrote (79482)2/28/2007 7:24:48 PM
From: orkrious  Read Replies (2) | Respond to of 110194
 
Basho, you're right, it's not at an extreme. Heinz said "it is quite close to the lowest levels recorded in the normal course of business." Expanding the chart out to 10 years

stockcharts.com

I'm not even sure you can say that. The best I can say is it's not exuberant. It definitely is well into the lower half of the range.



To: basho who wrote (79482)3/1/2007 10:14:51 PM
From: orkrious  Read Replies (2) | Respond to of 110194
 
Basho, following up on Heinz' comment on the XAU/gold ratio, Lance Lewis tonight made comments similar to Heinz'.

If you look at a monthly chart (eliminating some of the noise), other than in 1998 and 2000, we're very close to historical lows here.

I tried to post a stockcharts chart here but I can't get it to work.

(Lance's chart showed a close today at .20 vs. my .21. I'm not sure why there's a difference.)