*PUTTING THE RALLY IN PERSPECTIVE<http://pragcap.com/chart-of-the-day-putting-the-rally-in-perspective> * 16 September 2009 by TPC 0 Comments
Despite a 55% rally in stocks since the March low, history shows us that a move higher might be much more difficult. The Dow Jones Industrial Average has experienced just two declines that are comparable in size and scope to the most recent decline. In both circumstances stocks rallied over 50% from their lows and then struggled sideways for nearly a full decade afterward. Considering the excesses we’re dealing with, it wouldn’t be shocking to experience something quite similar over the course of coming 5-10 years: [image: hist CHART OF THE DAY: PUTTING THE RALLY IN PERSPECTIVE]<http://pragcap.com/wp-content/uploads/2009/09/hist.png> -- Best Regards, Jay Shah, FRM "Expect The Unexpected" Blog: http://fuzylogix.blogspot.com/ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
