RickRussellTX

Dow in Secular Bear Market When Priced in Ounces of Gold

I'm not sure I understand indexing against the price of gold. Sure, it's a kind of "panic" indicator. But wouldn't some basket of inflation measures make more sense? I'm not saying the full CPI, since we know how that's constantly getting tweaked. But some basket of well-understood raw materials & manufactured products would provide a more stable comparison baseline.