|
PureBytes Links
Trading Reference Links
|
Bob:
That's just very insightful work. Keeps things in perspective.
Have a very nice weekend.
Tim Morge
At 06:11 PM 4/27/01 -0400, you wrote:
>At 12:33 PM -0500 4/27/01, Clyde Lee wrote:
>
> >Today I was looking at some longer term things and in
> >scanning the DJIA I got the impression that earlier in
> >the prior century we had a very long term bull market
> >with a few minor interruptions and then some stagnation.
>
>Don't forget inflation if you are looking at long term.
>
>The attached chart shows the DJIA normalized by the consumer price
>index. As you can see, we near the top of the barely sloping channel.
>
>The last two times we were at the top of the channel, long-term
>investors who bought there had to wait nearly 20 years to
>break-even on their purchasing power.
>
>I wouldn't be surprised if we moved back toward the bottom of the
>channel.
>
>Bob Fulks
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
>Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|