Loading ...Reminds me of 2000 dot come bust. It took three years to bottom. This recent decline is YTD. Only 6 months so far. The prior roll over peak 2015-2016? Around 18,000 Dow spiked up after Trump started campaigning. Many good years with the Trump rally.
Adjusted for inflation, I use a factor of 20, after the 1970s, the Dow was 1,000, so it should be around 20,000, not $32,000. Gasoline was .25 cents so x20 it should be $5. (it could crash) The houses were $40 k so should be $800 k. (they are behind the curve not keeping up with inflation because wages have not kept up)
Cars were $3000 so should be $60,000. A slice of Pizza was .15 cents, so should be $3.00. Silver was $1, so $20/oz (but can to to $50 easy) Gold was $140 x20 should be $2800/oz. (can over shoot to $3-4k.
Gold is the end game, we are in the right place as far as I’m concerned.
Anyway the energy sector looks good, but for how long?