Greenspan Stock Chart

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Mr. Alan "Bubble" Greenspan took the markets on a wild ride.

Look at the chart from 1987 forward.. how low can we go?

Greenspan bubble chart

ummmm.........a WHOLE LOT.

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The true value of the DJIA

Peter Schiff likes to use this comparison.

If you make it a normal chart

instead of a logarithmic one, you can see the percentage moves better. The market is approaching 50% from its high but it doesn't look like it on a logarithmic chart.

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anyone predict where the bottom will be?

I think it'll be somewhere between 4,000-5,000

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The short answer is no. No

The short answer is no. No one can predict where the bottom will be.

Where the bottom will be in nominal terms depends on a race to the bottom between the economy and the dollar. Right now the economy is winning the race to the bottom, because dollars are in high demand to pay off loans.

I can't even read it much less

understand what I'm supposed to be seeing. It's a blur and impossible to discern.

Put your cursor

anywhere in the chart and left click to enlarge the text.

1987=Dow 2709.5 2008=Dow 8077.56

Draw your own conclusions.

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Hope Your 401K

Does not follow this rise. Or it will follow the decline.

People this is not joke.