Mark J Lundeen
What does “real money” mean to you? To many of my readers, I suspect real money would be gold and silver coinage backing the paper money in circulation. But to politicians and economists, it means something completely different:
Bravo Zulu to the people of Great Britain for deciding to kick those worthless EU bureaucrats out of their lives. Though from what I’ve read, it seems Scotland in the main voted to stay in the EU. I’m not surprised. Since the 13th...
Something interesting happened on Friday; trading volume exploded on a decline in the Dow Jones. In the BEV chart below I inserted the daily trading volume (mils) for the Dow Jones instead of the usual BEV values to highlight what...
I haven’t published this Bear’s Eye View (BEV) chart for the Dow Jones since last February. Therefore, it’s time for a review. Here’s the frequency distribution for the below BEV series (left table) with a frequency distribution of the...
Nothing much happened in the stock market this past week. The Dow Jones managed to stay close to its BEV -2.5% line for the past six days. Though there were a couple of days that saw the venerable index declined into the triple digits, but...
The Dow Jones Index had a good week. Early on it was at risk of declining below its BEV -5% line in the Bear’s Eye View chart below. That didn’t happen; instead, at the end of the week the Dow closed above its BEV -2.5% line. For a week...
The Dow Jones Index and the general stock market look weaker by the day. Today, for the first time since October 2008 a Dow Jones’ 52Wk High expired after its 52 weeks passed it by.
If you’re bullish on the stock market, you should notice the Dow Jones’ BEV plot below has been trending the wrong way for the past month. At week’s end the Dow closed 4.24% below the red BEV Zero Line; 4.24% below its last all-time high...
When I last published this Bear’s Eye View of the Dow Jones Index a few weeks ago, it appeared the Dow Jones Index would be making a new all-time high sometime in early May. On April 20th it was only 1.18% from last May’s BEV Zero, or the...
I intended to take a few weeks off. However, as the Dow Jones Index closed the week up only 1.69%, just three hundred points from making a new all-time high, I was motivated to make a few comments on the stock market.
