The Dow currently
trades 13% below its all-time record high. For some further perspective
into how the stock market is actually performing, today's chart
presents the Dow divided by the price of one ounce of gold. This
results in what is referred to as the Dow / gold ratio or the cost of
the Dow in ounces of gold. For example, it currently takes 12.9 ounces
of gold to “buy the Dow.” This is considerably less that the 44.8
ounces back in the year 1999. When priced in that other world currency
(gold), the Dow is in the midst of a massive eight year bear market.
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February 22, 2008
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EURUSD FORECAST
February 2, 18:00 +2GMT
We should not let our fears hold us back from pursuing our hopes.
Posted by: Air Jordan | February 26, 2011 at 03:16 AM