By the way, this chart is from February. The S&P 500 is at the top of the range now, and a little beyond.
Sunday, November 10, 2013
One of My Favorite Market Charts
Could we revisit the bottom of the recent range? Sure. But those calling for a 45% to 55% correction are probably barking up the wrong tree.
Source: http://www.thereformedbroker.com/2012/02/05/get-your-shit-together/
By the way, this chart is from February. The S&P 500 is at the top of the range now, and a little beyond.
By the way, this chart is from February. The S&P 500 is at the top of the range now, and a little beyond.
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Comparing todays market charts with historical market charts, is almost useless.
ReplyDeleteToday's market is completely different from the ones in the past. The 2008 drop in the market should have been as great or greater than the great depression .
But the government and the fed, stepped in and didn't let the free market work to solve the problem.
Instead we got QE1, 2, 3, 4, etc.
QE has put us on a market course that only failed economies have traveled. .