DUB sums it up so well imo:
".... It took the Dow Jones Industrial Average nearly 100 years to put on its first 5,000 points --- and just three to put on the second. ....".
And it appears to have taken just under 1 year to put on another 3,000.
So, 100 years - 5,000 points, then another 3 years for another 5,000, then less than 12 months for a further 3,000 points. I won't presume to know what you think, but to me that's getting close to parabolic, and that is dangerous."
a 10 year bear waits patiently, page-23
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