Sunday, November 9, 2014

Greatest Bull Market in History - Almost!

Just a little look at the big picture;
SP500 Weekly Log Scale
click to enlarge
 I can forget the significance of the arithmetic when I look at 
 a log scale.
The SP 500 will have gained as much from the lows of 2009, as it did form the lows of 1975 to the highs of 2000, or 1465 pts, when it reaches 2131. Think about that, and compare the quality of the real economic gains during the two periods. 
(Some count the bull rally of the last century as beginning in 1982 from 104 so that would see 2090 as an equal move up from 666.) 

On the Dow Industrials we are there.
(charts courtesy of The Keystone Speculator) 


click to enlarge

The 2000 high of 11722 less the 1982 low of 784 produces an equal leg up from the 2009 low at 17574! Last Friday nights close.

Not just new highs but EQUAL to the greatest bull in history. Of course, it doesn't even come close as percent move, but hey.

Here is another interesting chart:



Note; like cycles, regression is interesting but very unreliable for timing trades.












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