DOH! 2008 Might Have Done More Damage Than Thought ?
Looking at the magical colored lines, it's clear to me from 1975 - 2008 the dow spent most of it's time hugging the red line, launching off it from 1995 and falling back to it during tech bust in the early 2000s.
From 2008 thought it fell below the purple line which I believe is an old support from around 1982-1985 this line line connect all the way to post 2008 recovery and became the new resistance line which it has been totally unable to breach.
The Support line in blue seems to match up with the lows in 1982.
So what does this all mean ? I'm not an economics expert and I'd love other peoples opinion but my personal thoughts are just from this I'm going to make a punt that the post 2008 recovery hasn't been as strong as has been made out to be and that it may have been fueled by long term unsustainable debt and that the current chain of events were inevitable.
Just my thoughts, I'm no expert I just see lines on a chart that seem to rhyme.
From 2008 thought it fell below the purple line which I believe is an old support from around 1982-1985 this line line connect all the way to post 2008 recovery and became the new resistance line which it has been totally unable to breach.
The Support line in blue seems to match up with the lows in 1982.
So what does this all mean ? I'm not an economics expert and I'd love other peoples opinion but my personal thoughts are just from this I'm going to make a punt that the post 2008 recovery hasn't been as strong as has been made out to be and that it may have been fueled by long term unsustainable debt and that the current chain of events were inevitable.
Just my thoughts, I'm no expert I just see lines on a chart that seem to rhyme.