wagman

Goldilocks Dow and the Three Bears

If you look at a chart of the dow priced in real money (ounces of gold) the bull run is exactly that – a blip along a steep slope down from start of the bear market in 1999. The bear market in terms of the nominal dow has only just begun and has a long way to go. Elliottwave International has been featuring this chart in their various publications for quite awhile. (elliottwave.com)