‘Dow 70 year chart’ Archive

Average valuations only 68% above 114-year average!

  CLICK ON CHART TO ENLARGE The upper left chart reflects valuations over the past 114-years, created by Doug Short. This chart combines four different ways to look at valuations and then averages them together. At this time the average of the four is 68% above the 114-year averages. Only in 1929 and 2000, were […]

Will the Dow “Hop” over this?

  CLICK ON CHART TO ENLARGE Needless to say, the 1974 & 2009 lows were very important for the Dow. If you take these lows and apply Fibonacci to them, a 261% Fibonacci extension level at the top of a multi-decade rising channel both come into play right now for the Dow. Will the Dow […]

S&P 500 66% above 114 year valuation levels, trend is up!

  CLICK ON CHART TO ENLARGE The broad market ( Dow, S&P 500 and Small Caps) remains near all time highs and the advance/decline line is too…the trend is up. New valuations from Doug Short are out, reflecting that the S&P 500 is 66% above its 114-year median valuation line and not real close to […]