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:
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.