Loading ...Her’s a very long term chart. It shows the dot come bust 2000-2003, then the 2008 bust, 2007- 2009. In early 2016, the Dow was back to 2014. During that time the consensus was that the strong bull market starting in March 2009, was finally starting to roll over.
Then Trump started campaigning in early 2016, and his positive outlook and optimistic attitude for the future I think gave or promoted public confidence for the future, and the Dow took off for four more good years.
Logic says it should all drop soon. However. if it keeps spiking higher, its going to look like the 1970s, after the dollar backing was removed, in 1971, US Dollar dropped and silver went $1 to $50, 1971 to 1981, and they raised rates to stop all the dollar dumping on inflation hedges.
It wasn’t jus AU and AG it was everything. Stamps Coins antiques etc all physical stuff, not stocks at all. Stocks were dead ’68 to ’82. So, looking at a 30,000 Dow it could be people using the stocks like Gold and Silver, physical inflation hedge. The Dow is reminding me of the real estate top in 2007.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dia&insttype=&freq=2&show=&time=20