Thursday, December 29, 2005

Secular Bulls and Bears

As a follow-up to the 100 year chart of the Dow, Barry at the Big Picture has provided us with a nifty little chart showing what a "flat" period looks like up close (click to enlarge):


He puts us today at an equivalent to right around 1972. I totally agree with his assessment and think the market will be down next year. Like I said in the previous post, this may not be a good time to "buy and hold" stocks long term.

2 Comments:

At 12:19 PM, Blogger mikevotes said...

I gotta say, I invest for a significant part of my living and that's pretty interesting.

Mike

 
At 3:40 PM, Blogger Greyhair said...

This analysis agrees with what Bob Brinker says as well....

 

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