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

To: Wyätt Gwyön who wrote (81121)	4/24/2007 7:43:52 PM
From: SeaViewer	Read Replies (1) \| Respond to of 110194

Total market cap on both Shanghai and Shenzheng stocks is 16 trillion RMB, a little bit over $2 trillion. The Chinese CB is doing everything to curb bubble growth. The little guys are throwing all savings into the market. Everyone is a trader now.

To: Wyätt Gwyön who wrote (81121)	5/2/2007 12:47:05 PM
From: gregor_us	Respond to of 110194

Macro Man on Gold: Cornflakes Without the Milk macro-man.blogspot.com Macro Man was recently involved in a discussion about the relative merits of equities and gold. One of the participants observed that gold and other commodities had handily outperformed US and broad global equities in the current millennium, a fact which is clearly indisputable. However, he also quoted a passage from a financial blog [a famously unreliable source of analysis ;) ] discussing the historical relative performance of equities and gold. The author of the original piece noted that at the Dow peak in 1929, the Dow divided by the gold price was 19, the same ratio as today. Therefore, he concluded, equities have failed to outperform gold over a timespan encompassing nearly eighty years. Can you spot the mistake in the analysis? That’s right, he conveniently forgot to include the income from dividends. Simply put, measuring stock market performance without dividends is like eating cornflakes without milk- it’s just not complete.