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The State of the Trend

Today, I could just repeat my article from last week and be done with it.

Instead, I would like to focus on one of the charts in that article and raise some questions for readers.

The "Maestro" admitted, after leaving office, that he was wrong all along. "Helicopter" Ben admitted during this week's press conference that he has no idea why the economy is behaving the way it is. The majority of investment bankers and mutual fund and asset managers have claimed all along that the tech bubble and the housing bubble (and now the QE bubble) are too hard to predict. Considering this, and looking at the chart below one must wonder:

S&P500 1995-2011
Larger Image

Do I feel lucky? Will this time be any different?

 

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