Sorry to but in but I tend to agree with Yak. The Iraqi thing has to be behind us. The Arabs have to top up the bank account with oil money to recover from DOW and NASDAQ losses. Then in about 10 years time you will be screaming stock market bubble again.
Your chart does indicate that we are getting close but there will be no massive bounce IMHO. What I would love to know but I can’t read the future is will we over shoot. I don’t believe so maybe a little below the long-term average. Then a few years kicking along the bottom while wages catch up.
Oh and gold will get to $350 USD an oz inside 12 months. FTSE is very close to its bottom.
Any way that’s the reading from the bottom of my coffee cup.
