June 4, 2011 weekend update
It’s time again for the weekend update of our “Real” Mega-Bears, an inflation-adjusted overlay of three secular bear markets. It aligns the current S&P 500 from the top of the Tech Bubble in March 2000, the Dow in of 1929, and the Nikkei 225 from its 1989 bubble high.
Liquidity moves markets!Follow the money. Find the profits!
This chart is consistent with my preference for real (inflation-adjusted) analysis of long-term market behavior. More…