ajtj99's Market Pulse

[jdaasoc]

What happened to market sentiment when gold went to $700 last time.
http://goldprice.org/30-year-gold-price-history.html

The year was 1980.

Yep we had the second oil price shock

http://www.oilnergy.com/

copper prices spiked with the oil prices as well

http://minerals.usgs.gov/minerals/pubs/commodity/copper/240798.pdf


AMGN and DNA were the cult stocks that traders loved

DOW went no where price wise until 1982

IMO We got some major sideways to go through after overvaluations are let out.

Next we will hear about compression in P/E ratios as interest rates rise to combat commodities rises


And if you don't think interest rates will go up to combat commodities price rises look here.

http://research.stlouisfed.org/fred2/series/WDISCRT/118