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Click to enlarge.
That's one ominous chart. I'm of the belief that the stock market isn't quite as cheap as the experts seem to think. The chart does not include dividends, so hey, that's something I guess. On the other hand, the chart does not include mutual fund expenses either.
Have no fear, little one. I am here to protect thee. - Mrs. Baylock, The Omen (1976)
Mrs. Baylock and Mr. Bernanke seem to have a lot in common. Want scary? I've never seen them in the same room together, lol. Sigh.
This is not a prediction nor is it investment advice.
Source Data:
St. Louis Fed: Custom Chart
5 comments:
Bonus thought.
I think there's at least a 30% chance that my ongoing Rubicon joke isn't over.
We've already crossed 1200 on the S&P 500 30 times since December 1998. What's one more?
229.098?!?
JzB
Jazzbumpa,
That's the value of the consumer price index in March 2012 (in order to get the chart into March 2012 dollars).
Oh!
If you want to see something even worse, adjust it by the price of gold.
And I am very emphatically NOT a gold bug.
Jzb
Jazzbumpa,
It would look depressing priced in gold, or oil for that matter.
That said, if it is priced in natural gas then it could be even scarier.
S&P 500 / Natural Gas
It's gone parabolic and that generally doesn't end well.
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