Could be commodities. Chart posted a few weeks ago, updated with more info, DJIA:Oil is around 100:1 for the past century. Could rise to ~US250+/bbl going on past cycles. 1860s/70s was the last time commodities were outside that variability and much higher, eg, wheat prices weren't much less then than they were in 1970.
Guessing subsitutional effects would jump in eventually for crude oil eg, tar sands, shale oil, then others from outside hydrocarbon cycle in the longer term.
Could be commodities. Chart posted a few weeks ago, updated with...
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Last
7,771.7 |
Change
-50.600(0.65%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,822.3 | 7,822.3 | 7,770.4 |
| XJO (ASX) Chart |