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Thread: DOW, S&P500 nearing all time highs from 2007

  1. #1

    Red face DOW, S&P500 nearing all time highs from 2007

    The Dow and S&P500 closed at all-time highs of 14,164 and 1,565 in October 2007.

    Dow is at 14080 and S&P500 at 1508.

    Now we have to keep in mind that the indices had different components in 2007 (Lehman, GM, Bear, AIG), so it's not a fair comparison, but watch out for pundits pumping the all time highs. For me, this means shorting is gonna be a good bet soon.

    Stock markets have been in a huge trading band since 2000 and if history is any guide (e.g. 1964-1982), then we're gonna see another downturn before the stock market gets another sustainable rally like 1982-1999.



    Let's say the DOW were to be cut in half to 7000 from here, wouldn't that make a good DOW/gold ratio of 1:1 withing say 2-3 years?
    Last edited by swissaustrian; 02-01-2013 at 08:38 AM. Reason: fixed chart



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  3. #2

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    For anyone who was wondering where all the money they are printing is going, there's your answer. The CPI tells you nothing about price inflation. You have to take asset prices into account as well.

  4. #3

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    A few interesting facts:
    Margin debt is at multi year highs -> bearish
    http://www.zerohedge.com/news/2012-1...nd-selling-vol

    Post-election years are historically weak for stock markets, especially if stock had rallied in the preceding presidential term

    read more here: http://www.streettalklive.com/daily-...r-markets.html

  5. #4

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    They say two thousand zero zero party over, oops, out of time (We're runnin' out of time) So tonite I'm gonna party like it's nineteen ninety-nine (We gonna, we gonna, oh)
    Courtesy of Prince

  6. #5

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    Quote Originally Posted by jclay2 View Post
    Courtesy of Prince

  7. #6

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    pretty amazing how manipulated all this is...

  8. #7

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    More bearish news:

    Retail is finally buying stocks again



    Margin debt soaring even more



    Everybody is short the VIX


    ... and long the Russel 2000

  9. #8
    Member Zippyjuan's Avatar
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    Note that the influx of money into mutual funds comes near the beginning of the year- people perhaps making contributions for tax purposes to things like IRAs (I will be making mine shortly).
    I am Zippy and I approve of this message. But you don't have to.

  10. #9

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    Dow at all time highs. Let's all party like it's 1999:


    Reason:

  11. #10
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    Quote Originally Posted by Zippyjuan View Post
    Note that the influx of money into mutual funds comes near the beginning of the year- people perhaps making contributions for tax purposes to things like IRAs (I will be making mine shortly).
    I thought about it , for a few seconds , then, bought another shotgun , rifle , silver , copper , gold and a tractor instead.

  12. #11
    Site Staff - Moderator Brian4Liberty's Avatar
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    Quote Originally Posted by swissaustrian View Post
    Dow at all time highs. Let's all party like it's 1999:
    Let's party!



    Stood still on a highway
    I saw a woman
    By the side of the road
    With a face that I knew like my own
    Reflected in my window
    Well she walked up to my quarterlight
    And she bent down real slow
    A fearful pressure paralysed me
    In my shadow

    She said "Son, what are you doing here?
    My fear for you has turned me in my grave"
    I said "Mama, I come to the valley of the rich
    Myself to sell"
    She said "Son, this is the road to Hell"

    On your journey 'cross the wilderness
    From the desert to the well
    You have strayed upon the motorway to Hell

    Well I'm standing by a river
    But the water doesn't flow
    It boils with every poison you can think of
    And I'm underneath the streetlights
    But the light of joy I know
    Scared beyond belief way down in the shadows
    And the perverted fear of violence
    Chokes a smile on every face
    And common sense is ringing out the bells
    This ain't no technological breakdown
    Oh no, this is the road to Hell

    And all the roads jam up with credit
    And there's nothing you can do
    It's all just bits of paper
    Flying away from you
    Look out world take a good look
    What comes down here
    You must learn this lesson fast
    And learn it well
    This ain't no upwardly mobile freeway
    Oh no, this is the road to Hell
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul


  13. #12

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    ONE MORE TIME!



    Last edited by No Free Beer; 03-05-2013 at 08:11 PM.
    "I am, therefore I'll think" - Ayn Rand





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