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From:Kirk Lindstrom
Received:07/03/2008 03:36 AM
Subject:DOW In Secular Bear Market When Priced in Ounces of Gold

DOW In Secular Bear Market When Priced in Ounces of Gold

With today's close of the Dow Jones Industrial Average (DJIA) at 12,251.11, the DOW is now officially in a "bear market" when defined as down 20% or more on a closing basis. The DOW is now lower than its 11,750 peak in 1999!
  • Using closing prices:
    Date of last high 10/09/07
    Last Market High 14,164.53
    Date of last low 07/02/08
    Correction Low 11,215.51
    Decline in Pts 2949.02
    Decline in % 20.8%
DJIA IN OZ of GOLD (See chart at article)

When measured in ounces of Gold, the DOW has been in a secular bear market since peaking in late 1999.
  • Back in 1999, it took 45 ounces of gold to buy the DJIA.

  • Today it only takes 12.05 ounces of gold to buy the DOW!
-- 

best regards
Kirk Lindstrom
Blog: http://kirklindstrom.blogspot.com
Newsletter: http://forbestadvice.com/Newsletter.html
Online Store: http://home.netcom.com/~kirklindstrom/Gifts.html

 

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