Normal
Howard,On the contrary, the adjusted chart of our market since 1952 is nothing short of one way traffic. I do have the data back to 1875 but it just offers more of the same. There have been 3 generational bull markets since 1952:1950 - 19691974 - 19871991 - ?The other "common sense" assumption which may be out of the realms of academia is that companies naturally grow and with that growth comes share price increase. We're not talking commodity prices.Perhaps the US markets are "mature" and have stopped this process and that Aust is still a "developing" market. However, as I stated in another post, I'd gladly take a random set of stocks from the US market and run my system over them.
Howard,
On the contrary, the adjusted chart of our market since 1952 is nothing short of one way traffic. I do have the data back to 1875 but it just offers more of the same. There have been 3 generational bull markets since 1952:
1950 - 1969
1974 - 1987
1991 - ?
The other "common sense" assumption which may be out of the realms of academia is that companies naturally grow and with that growth comes share price increase. We're not talking commodity prices.
Perhaps the US markets are "mature" and have stopped this process and that Aust is still a "developing" market. However, as I stated in another post, I'd gladly take a random set of stocks from the US market and run my system over them.
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