After an earlier post discussing the relationship between the S&P-500 and the price of gold, I received a number of questions on how “black gold” (i.e., oil) might play into the analysis. The chart below shows a comparison of these two popular commodity indicators. The chart shows a very long-term view (going back to 1945)…
Some of you know that, even after the 30-stock Dow Jones Industrial Average (DJIA) hit never-seen levels some weeks ago, I was eager to see another indicator do the same thing: the more broad-based Standard & Poor’s 500 Index (S&P 500) consisting of 500 of the United States’ largest, publicly-traded companies. This past week, the…
The Australian dollar? Another currency from a fast-growing Asian nation? No. The unexpected answer is in a decentralized, unregulated virtual currency called BitCoin. The peer-to-peer currency has no banking system behind it and depends on advanced mathematics and encryption for regulatory controls. While it may seem crazy to some to refer to such a thing…
It was nearly here in 2000, then again in 2007; the S&P 500 index is once again at a record closing level of 1,565. The next milestone level for it to break will be the intraday high of 1,576 also achieved in 2007. What’s interesting about this level? We have now bounced off of it twice…
Against the Herd 