Do we go up or down from here?
For some perspective on the long-term performance of the stock market, today’s chart presents the Dow priced in another global currency — gold. Today’s chart illustrates how it currently takes 14.3 ounces of gold to ‘buy the Dow’ (i.e. the Dow / gold ratio) — well off the 44.8 ounces it took back at its peak in 1999. From the 1990 peak until 2011, the Dow (priced in gold) endured a massive bear market. Since 2011, gold has struggled while the Dow rallied. More recently, stocks have struggled while gold has rallied resulting in the Dow (priced in gold) declining to a point where it is currently testing support of its four-year upward sloping trend.
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Admin- Did the eagle land?
Bea
It landed today. Thank you.
I’m completely chart challenged.
I wish a buck was still silver
It was back when the country was strong
Back before Elvis
Before the Vietnam war came along
Before The Beatles and ‘Yesterday’
When a man could still work, still would
The best of the free life behind us now
And are the good times really over for good?
Are we rolling down hill
Like a snowball headed for Hell?
With no kind of chance
For the Flag or the Liberty Bell….
Merle, dead. Sad day, yes the good times are over for good.