1982 DJIA close
Aug. 12 776.92
Aug. 13 788.05
Aug. 16 792.43
Aug. 17 831.24
Aug. 18 829.43
Aug. 19 838.57
Aug. 20 869.29
Aug. 23 891.17
Just like that, 14.70% in seven trading days. I'm not* saying this is the start of a five year bull move, but, for those who want exposure, ya snooze, ya lose.
*From our March 20 post, Markets: I Scream Triple Dip
...One possibility I've been toying with is a double recession following the credit crunch. The way this would play out in the stock market is a rotation out of commodities (but keep an eye on wheat) by the hot money back into equities with a run back toward the old highs on the S &P....Reiterated on April Fools Day:
Tuesday, April 1, 2008
Gold Under $900; Oil Under $100. And: "Get Out of Commodities" - Barron's
