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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (13557)	2/5/2013 7:47:58 PM
From: John Pitera	3 Recommendations Respond to of 33421

Hi Richard, below is my post from the TA thread..... as to stocks in the 1970"s stocks did many things. dividends did not keep up with inflation and the Market PE multiple ultimately contracted to about 7 times earnings by 1982...... that's why the market was so incredibly cheap since commodity inflation had been broken by Paul Volker and the FED slaying inflation by getting the FED funds rate up to 19% and higher in 1979 and 1980. The Hunt brothers had their silver corner, in essence, illegally stopped when the authorities, changed the rules in Silver futures that no new long positions could be established and positions could only be closed. en.wikipedia.org great long term charts on theSilver market and Silver Thursday March 27th 1980 Hillary Clinton parodoxically gave the Tyson foods, the biggest agriculture company and employer in Arkansas ( where Bill Clinton was the governor) $1000 dollars to trade and they had allocated the winning cattle futures trades and had run her account up to between $80,000 and $100,000 before she pulled the plug and said thank you very much, I've made enough money now.... please stop. This was front page news in the Wall Street Journal en.wikipedia.org below is the post from the TA thread....... here you go Message 25473946 a secular bull would be a 16.7, 18 year or longer bull. Bond yields have been in a secular bear market and bond prices have been in a secular bull since the long bond yield topped out near 16 % back in 1981. bond prices move up in price and down in yield at the same time...... they are inversely related. When I worked at Citibank in Sydney. At the morning meeting I made sure to say that I trend was up in price and down in yield as the futures trades look at price and bank bond dealers speak in yield terms. Bonds are a good example of a secular bull market from 1981 until recently the secular bond bull market should be over Message 28671670 John