Replies to post #23399 on Zeev's Turnips Patch-No Politics (ZEEV)

[sylvester80]

God help us all if that chart proves correct cause the whole world will be in flames.

[lurqer]

a chart i have never beheld before

Well I have seen it before, and in fact it's my favorite chart. I consider it to be the definitive argument against LTB&H. Note if you will that the high reached in 1898 is the low reached in 1982 - 84 years later. That'll give you some idea how sever the railroad mania was.

Any way thanks for posting my favorite chart.

lurqer

[epsteinbd]

Great chart. Thnk we can have the PEs to overlap somehow ? and more...

[Emptyhead]

Interesting chart. I do not expect those possible predictive declines to happen. That is way off base.
but...,what the heck do I know? :)

[wahz]

There is nothing at all wrong with that chart, and I am a long term bull by anyone's definition. Predicting when we get back to at or near the lower end of the channel is another matter. Demograhics suggests that getting to dow 3500-5000 in a panic in the mid teens is entirely possible, and from there the next real bull market will begin, rolling on until we hit at least dow 35,000 or maybe dow 70,000 somewhere between 2040-2050.

As a lot of "timers" are suggesting, what a bull has to be playing for is the unknown number of large % up moves that will happen between now and then. And even if we follow the 29-33 collapse to a "t" on the nasdaq, the pop off the bottom will lead the nasdaq to 3000 by about 2007. That rally is a bulls only real chance to make a huge killing.

LTBH isn't going to work for at least 10 more years. Just mho.