Could the market be right ?
Started by
nimblebear
, Nov 12 2009 12:11 AM
2 replies to this topic
#1
nimblebear
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Posted 12 November 2009 - 12:11 AM
One way to look at this chart, is to compare where we are at relatively to early 1980. When the ratio last bottomed the equities market went on to log a 2 decade rip roaring run higher.
If it is the case, then the current 60% run up is nothing compared to what lay ahead of us. You haven't missed anything if you kept your powder dry then.
OTIS.
#2
OEXCHAOS
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Mark S. Young
Posted 12 November 2009 - 10:05 AM
Nice post.
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#3
stocks
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Posted 12 November 2009 - 11:20 AM
A log chart would show we are only half way to the bottom.
The ratio has moved from 40 to 10 and will now move from 10 to 2.
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Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
