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A General Theory of Dow Cycles – “History Repeats”

Posted By Barry Ritholtz On February 18, 2013 @ 11:00 am In Digital Media,Gold & Precious Metals,Inflation,Investing | Comments Disabled

DJIA – Dow Jones Industrial Average (index) pre- and post- Gold
Click for full chart
[1]
Source: Peter Williams, Advisor Perspectives [1]

 

Interesting look at long term Dow but using the Gold Standard as a dividing line.

To be blunt, I am really not sure what to make of it. Was going off of the Gold Standard inevitable, and therefore unimportant? Or was the shift away from Gold the start of an era of great inflation? Or some combination of the two?

Thoughts?

 

 

 


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[1] Image: http://advisorperspectives.com/dshort/charts/large.html?guest/2012/atradersrant-Dow-History-120108.gif

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