Market Breaches 2009 LOW!!!

Best SPX GLD Trade for the Next Few Month?

  • Long SPX Long GLD

    Votes: 3 33.3%

  • Long SPX Short GLD

    Votes: 3 33.3%

  • Short SPX Long GLD

    Votes: 3 33.3%

  • Short SPX Short GLD

    Votes: 0 0.0%
  • Total voters
    9
S

shortie

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Bernanke fooled many people. 100% rally was a fake. We are back to March 2009 if SPX is measured in Gold units
 

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SPX lost 20% over the last 11 trading days. this is a freaking crash! SPX:GLD looks just abismal, but even plain SPX is back to end of 2009 level.
 
Quote from atticus:

You should se the chart of SPX priced in new potatoes. It's catastrophic. You make me yearn for Bearice.
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Sarcasm aside, you don't agree that pricing the SP relative to a "hard currency" does make a bit more sense in light of all the Fed shenanigans?
 
Quote from denner:
Sarcasm aside, you don't agree that pricing the SP relative to a "hard currency" does make a bit more sense in light of all the Fed shenanigans?
More...
What's wrong with new potatoes? They iz plenty "hard" (when raw) :).
 
Quote from denner:

Sarcasm aside, you don't agree that pricing the SP relative to a "hard currency" does make a bit more sense in light of all the Fed shenanigans?
More...

Not really. I cannot pay for bread in gold. They look at me funny when I try. The dollar is not exactly doing well here so I fail to see the point.
 
Quote from denner:

Sarcasm aside, you don't agree that pricing the SP relative to a "hard currency" does make a bit more sense in light of all the Fed shenanigans?
More...

IMO there is merit in that. But I don't think gold is a suitable "hard currency" to do it against, because it's value is 99% speculation.

Oil would be better comparison, IMO.
 
even though the potato trader expressed some objection, i maintain the importance of the chart i presented.

I understand that SPX can be expressed in various coordinates (potato, oil, etc). But Gold is not a potato and is, I believe, very high on the list of the stuff to meaningfully normalize SPX to.

If somebody has another normalized chart that show some specific/interesting points feel free to do so.

what's important is that SPX:GLD made the low in March 2009, which happened to be the major turning point on SPX chart. and today is the day that low is breached. Therefore, today is a special day and it demands special attention.

I don't know what it all means: is this the turning point for SPX:GLD? does the breach mean the bottom is about to really fall out? something else?
 
It so happens that tomorrow is Fed day...

I am wondering if they are reading my chart, or at least watching the news at all... :confused:
 
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