I do not know what is wrong with the
moderator.
It is a simple matter to change the
parameters of the
list to allow attachments to emails
rather than have
a poor example of them stored on
site.
Please Bob, wake up and fix this
problem.
Clyde Lee
----- Original Message -----
Sent: Wednesday, May 27, 2009 9:17
PM
Subject: [RT] Nasdaq - DJ 1928 - Nikkei
1989 Comparison Chart [1 Attachment]
Attached is a chart comparing
three averages - the DJ-30 of 1928, the Nikkei of 1989 and the NASDAQ of today
(1999 to present). I converted the data of all 3 averages into
percentages of their previous all-time highs. While there is no longer
much correlation as to market cycles, there is one glaring conclusion one may
draw from the comparison - that this market will probably take a longer time
to recover than most people can imagine.
Which path will the market
take? That of the 1929 market, where the lows happened early in the
cycle or that of Japan where a new lower low is ahead of us.
An
interesting sidelight to the chart, each of the 3 markets hit 50% of their
previous all-time high 1877 trading days later.
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