Friday, May 23, 2008
The DOW priced in oil, gold and copper
Market Oracle: The Stocks Stealth Bear Market
Since 2000 the Dow has risen 10.2% to almost 13,000. But even at that level, it would only purchase: 105 barrels of oil — 77% less than it did in the year 2000 ... 14.38 ounces of gold — 65% less than it did in 2000 ... 74% less copper than it did in 2000 ...
Posted by sold 2 rent 1 @ 09:21 AM (372 views) Add Comment
4 Comments
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1. planning4acrash said...
Anybody fancy a protest at the BOE, on interest rate setting day? HONESTLY!!!! I'm not joking. I was thinking of plaquards, reading, it could be a monthly event, followed of course by a couple of beers!
"RETURN US OUR MONEY WITH A 100% GOLD STANDARD, NO MORE FIDDLING WITH INTEREST RATES AND FIAT CURRENCY"
2. crash n burn said...
This is by a long way the best article I have ever read on this website. Can anyone help me – I am looking for data which can give me global interest rates, commodity prices, inflation rates, stock prices, unemployment figures etc… on a daily basis back to the early 1900’s? I love what Larry is saying and this exactly the kind of research I am trying to achieve in my free time by deflating prices with various commodities ranging from wheat futures to average house prices.
I have managed to find spot gold back to 2nd Jan 1979 on the BoE website and interest rates back to the 1800’s – an on the ONS I’ve found quite a lot of stats too… But I just want to build up a massive library to which I can refer in the future (and now) and determine whether I can trust what I am reading in the press.
3. planning4acrash said...
Email the webmaster with stats relevant to HPC. They are often amenable to incorporating useful info. I got the bird and fortune video and mises stuff posted on the main pages. Get involved!
4. crash n burn said...
Cool - thanks