Mark J Lundeen
The Dow Jones has improved its position in its Bear’s Eye View (BEV) chart below. Last time I published this chart, two weeks ago, the Dow Jones was a tad below its BEV -10% line. This week it closed at a BEV of -5.68%, making up about...
If I were to speak of the sum total of the market’s action so for 2022, what would I say? Maybe something from Bob Dylan; something like “A Hard Rain’s a Gonna Fall.” Forget about financial assets being historically overvalued. They...
The Dow Jones in its Bear’s Eye View Chart below, is trending down to its BEV -10% line, closing the week at a BEV of -8.65. However, on Tuesday’s close the Dow Jones found itself with a BEV of -9.52%, only 0.49% from breaking below its...
This week, the Dow Jones closed just a tad below where it closed last week / BEV -7.45% compared to BEV -7.39%. However on Wednesday, it almost closed in double-digits; BEV -9.97%. That, and all this (past) week looking at the pre-market...
This was a big week in the market; lots of big events happening in the world with the potential to impact the markets.
This week the Dow Jones closed within scoring position, or within 5% from the Dow’s last all-time high every day, until Friday, where it closed with a BEV of -5.60%. This isn’t necessarily bad, but it certainly isn’t good. For a year,...
Before I begin my weekly market letter, I thought I’d give credit where credit is due. On Monday, January 31st of this week, for the first time the US National Debt broke above $30 trillion dollars. This achievement in malfeasance would...
Monday was an interesting day in the stock market, for what’s it’s worth – as reported by CNN Business. Monday, January 24th the Dow Jones saw another miraculous ascension. After the Dow Jones deflated 1,115 points from its previous close...
I thought I’d use the Dow Jones BEV chart plotting the entire bull market spanning from 1982 to the close of this week. In the past forty years, the Dow Jones has risen from around 700 in August 1982 to 36,799 just a few weeks ago. What...
The post 23-March-2020 flash crash advance continues. During my Christmas vacation, the Dow Jones made three new BEV Zeros in the chart below, numbers #51, 52 & 53, with #53 on January 4th. But before the Dow Jones did all that, it...
