Technical Analysis and Outlook The present model shows two rebound stages completed with a newly developed significant Key Res 4703. The next destination is marked at Outer Index Rally 4775. The Mean Sup 4650 signified a high-quality buying point.
Read what economists were saying right before the 1929 crash. Not only was the economy humming along but they thought it signified a New Paradigm. Either history teaches us the past was made up of idiots OR our pattern repeats. Transitory the new buzz word that excuses everything. 40 year deflation cycle not enough to conclude it is remotely possible that cycle is over? Debt has been dismissed as a non-factor. Well the combination of spiking inflation and debt will become the main topic for years o come. As for the here and now? Seasonality should hold this mega bubble together. Just don't look at the inflation implications nor such long standing indicators from Buffet himself.