Comparos to 1973
Via Jim Stack, comes these terrific series of charts comparing the 2006 markets with what I have previously referred to as the better analogy than 1994.
What I find so astonishing about these divergences is the Transports, depsite the 20% drop in oil and 30% drop in gasoline, cannot keep up with the Dow. Intriguing.
A picture is worth a thousand words, so I will let these graphs do the talking:
The 1972-73 top:
The 2006 markets:
Wednesday, October 11, 2006 | 03:15 PM | Permalink
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The primary rule of investing is don't lose money (i.e. manage risk and cut losses).
Posted by: Estragon | Oct 11, 2006 3:58:02 PM
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