Stock futures are rising Monday following a jobs report that has boosted expectations for an economic recovery.
Shrewd investors never loose sight of the secular trends. The big, liquidity-driven stock rally is nothing more than the fourth consolidation pattern with a secular, currency-adjusted down trend. The bounce from the 2009 lows, 54% in U.S. dollar (nominal terms) and 28% in ounces (real or stable currency terms), follows that of 2003, 2006, and 2008. The secular down trend will resume when the window of time closes in the coming months.
U.S. Large Cap Stocks Capital Appreciation Index (LCSCAI); S&P 500 to Gold Ratio:
Source: finance.yahoo.com
0 comments:
Post a Comment