Bear Market Race Week 150: Play the 1932-33 Dow Jones Bull Market
September 1, 2010 By Leave a Comment
The 1929 & 2007 Bear Market Race to The Bottom
Week 150 of 149
Play the 1932-33 Dow Jones Bull Market
Foreign Bond and Stock Markets’ Breadth Indicators
Mark J. Lundeen
[EMAIL="mlundeen2@Comcast.net"]mlundeen2@Comcast.net[/EMAIL]
27 Aug 2010
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Below is my BEV chart for the Bear Race.
The DJIA was down for the week, but not by much. But under the surface of this market, Titanic Forces stir. Listening to CNBC’s Experts on what the Central Banks should do to “restart the Economy” is actually frightening. Every time they print money, they are committing an act of theft. The purchasing power of current dollar holders is diluted in the process. In 1932, $10,000 was a huge sum of money that people believed they could retire on from the Interest alone.
The Federal Reserve proved the well to do with $10,000 wrong on that theory. And after 80 Ye...