Yesterday was a day of stock market joy … the Dow hit a new high water mark.
Since halving itself during the financial crisis, the market has more than doubled … recouping its losses … and more.
But, what about the the technical factors … just reading the charts.
Yesterday, we posted the red section below … and asked the question: see the pattern?
To me, looks like we’re approaching a cyclical peak.
Today, look at the black line … and the trend line that I’ve added.
The chart deflates the S&P 500 … adjusting for inflation.
Looks like the real value of the S&P 500 has been trending down for the past 15 years or so.
Think we’ll defy the trend line and keep heading up?
I’m betting the under.
* * * * * ?
- I don’t give investment advice … I just observe stuff.
- I’m on record having predicted a significant market drop during Obama’s 2nd term
I’m still holding my ground.
Tags: Dow record