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Am I the only one scared by a long term chart of the S&P? It looks like 3 huge bubbles on a 30 or 40 year chart.
Is that economic activity, or is it from Greenspan and Ben pumping up a balloon, lol? It looks completely crazy on a long term chart. Notice in this area, there's been a lot of emphasis on a "wealth effect".
I wouldn't be surprised if the market is flat to up since 1996. The market has a positive bias anyways, so maybe add 2-3% a year. I'm not impressed at all with the market. There's a crazy emphasis on the short term. I was watching some of bloomberg last night. These guys all go on about, "x number came in at 1.3, vs .9. The China number came in at 6, compared to 7." What difference does it make? To an outside observer, it seems like they're fretting about nothing. A point here, 1.2 points there.
I'd like to see the market function off of Bernankes printing press, and off of short term movements. What's the value underneath?
Am I the only one scared by a long term chart of the S&P? It looks like 3 huge bubbles on a 30 or 40 year chart.
If you are scared by the volatility of equities than you are taking more risk than you should....
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