Saturday, April 30, 2005

Taking the long view

This linear scale Dow Jones chart spanning from the 1930's to today shows us how from the mid 1980's to the late 1990's the market grew tremendously, one might venture to say obscenely. Note also how in the last five years a new trend is emergent. Looks like a great flattening. The same flattening aplies to volume. Are we in a new phase of slow to no-growth? The log version of the chart is less dramatic but shows the same flattening trend.

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