The Mother of All Analogs (Update)
A few months ago we posted these two charts comparing the S&P’s run from Aug ’66 – Jan ’80 and Aug ’98 – Jan ’13. The correlation was eerily similar as both depicted relatively steep climbs and drops over roughly the same period of time…give or take a year.
Flash forward to today and the all time highs we’re seeing on a daily basis. Here’s the updated charts (log scale):
(click to zoom)
The chart above shows that from 1973 to late 1980, the S&P climbed about 17% from peak to peak, and before that declined trough to trough about 14% between 1970 and 1975.
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The chart below shows that from 2007 to date, the S&P has only climbed 4.5% from peak to peak. The reason I say “only” is because it feels like this market wants to keep running. I haven’t sensed any euphoria from the unwashed masses. Mom and pop don’t care about this market…yet.
Who knows, maybe it will take a 15% rise from the 2007 highs to make believers out of everyone and their crazy uncle. If that happens we’re looking at S&P 1800, probably in the next year or so.
Of course all this may just be a figment of my imagination, but if the S&P were to hit 1800 by next year I’m going to straight cash! j/k But on a side note, after the market peak of 1980, the S&P declined about 25% through mid 1982… Whoops!
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BeanScreen for May 1, 2013
Posted by Danny on May 1st, 2013 at 12:42 am, Comments: 0Of the 395 companies that made the cut for May, these 30 ranked highest. This is not a buy list, only a “fundy health” index…with a splash of momentum.
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BeanScreen LinkHouse – Week in Review (April 22-27, 2013)
Posted by Danny on April 27th, 2013 at 8:32 pm, Comments: 0A run down of the latest news and notes from our crème de la crème this past week.
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BeanScreen for April 1, 2013
Posted by Danny on March 30th, 2013 at 10:26 pm, Comments: 0Of the 405 companies that made the cut for April, these 30 ranked highest. This is not a buy list, only a “fundy health” index…with a splash of momentum.
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The Crichton Leprechaun
Posted by Danny on March 15th, 2013 at 11:34 pm, Comments: 0It’s that time of year again.
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BeanScreen LinkHouse – Week in Review (March 4-9, 2013)
Posted by Danny on March 8th, 2013 at 11:12 pm, Comments: 0A run down of the latest news and notes from our crème de la crème this past week.
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BeanScreen for March 1, 2013
Posted by Danny on February 28th, 2013 at 11:37 pm, Comments: 0Of the 404 companies that made the cut for March, these 30 ranked highest. This is not a buy list, only a “fundy health” index…with a splash of momentum (relative strength).
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Winter Cookies
Posted by Danny on February 19th, 2013 at 10:10 pm, Comments: 0Can’t help but think that this is what the market bears have been doing all winter…
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BeanScreen LinkHouse – Week in Review (Feb 11-16, 2013)
Posted by Danny on February 16th, 2013 at 3:37 pm, Comments: 0A run down of the latest news and notes from our crème de la crème this past week.
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BeanScreen LinkHouse – Week in Review (Feb 4-9, 2013)
Posted by Danny on February 9th, 2013 at 4:18 pm, Comments: 0A run down of the latest news and notes from our crème de la crème this past week.
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Daniel Miller and Jason Robinson are self taught investors based in Daphne, Alabama, and are the co-founders of the WallStreetBean. Neither one of them are professional investors - just two regular guys who want to share their investing ideas and thoughts with others. More
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Recent Posts
- The Mother of All Analogs (Update)
- BeanScreen for May 1, 2013
- BeanScreen LinkHouse – Week in Review (April 22-27, 2013)
- BeanScreen for April 1, 2013
- The Crichton Leprechaun
- BeanScreen LinkHouse – Week in Review (March 4-9, 2013)
- BeanScreen for March 1, 2013
- Winter Cookies
- BeanScreen LinkHouse – Week in Review (Feb 11-16, 2013)
- BeanScreen LinkHouse – Week in Review (Feb 4-9, 2013)
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