02-12-2014, 11:54 PM
Mark Hulbert of the Hulbert Financial Digest posted this article on Marketwatch:
http://www.marketwatch.com/story/scary-1...212803FAD6
This isn't the first time I've noted someone bring this up. This was published in several other places in the last month or two also. However, I was a little disappointed that someone with Hulbert's reputation wasn't a little more sceptical. I don't have all those numbers available at my fingertips and I'm not a student of the Great Depression so I'm not qualified to pick apart the yeahs and nays.
Yeah, the chart looks eerie but ...
* if you're going to use two different scales, the Y-axis should be log, not linear, to show and compare relative changes.
* the economy doesn't seem to be in the same position as we were in 1929.
* there isn't the hubris to the extent as in 1929.
What do you think?
http://www.marketwatch.com/story/scary-1...212803FAD6
This isn't the first time I've noted someone bring this up. This was published in several other places in the last month or two also. However, I was a little disappointed that someone with Hulbert's reputation wasn't a little more sceptical. I don't have all those numbers available at my fingertips and I'm not a student of the Great Depression so I'm not qualified to pick apart the yeahs and nays.
Yeah, the chart looks eerie but ...
* if you're going to use two different scales, the Y-axis should be log, not linear, to show and compare relative changes.
* the economy doesn't seem to be in the same position as we were in 1929.
* there isn't the hubris to the extent as in 1929.
What do you think?
=====
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan