Just to make sure I understand, you're using a graph of the past to predict future events but saying that contradictory evidence on said graph should be ignored because it was different times? You got the "different times" part right, that's why blindly interpolating the future from graphs in the financial world is generally a fools errand.
Can you quote where I said any of that?
What I did say, is, that I agree with Mr Trump 100% in his take on the stock market being a bubble.
I have my reasons as to why I agree, and, showed just one chart of what % holding the "households" have in the total US equity market - which is very high compared to the other groups.
As with any analysis, you can not look at one chart in isolation - kinda silly, as you will not see the whole picture, if you can even see it at all!
I really do not care if SP500 keeps going up, or falls like a brick, as I am a very short term trader, when I decide to risk some of my hard earned money.
If I wanted to get a handle on the longer term outlook, then I would need to do a good bit of analysis, using software like trade navigator - but I have no interest and leave that to those who want to trade that way.
It is all relative, but, I do agree 100% with Mr Trump, and, I would be very cautious opening long term buy and hold positions at this point in time, as, there is a very good chance that we could see a lot of selling in the very near future.
Again, if you want an approximate Dow Cash level that this reversal will start at, that would require a good few hours work with trade navigator - which I have no intention of doing.
J_S
