By Mark J Lundeen – Re-Blogged From Gold Eagle
Another week of nothing much happening with the Dow Jones; since last Friday it has advanced by only 42.44 points. What’s to make of that? After the impressive advance that began after December 24th the market is taking a break. Don’t be surprised should the coming weeks bring more of the same.
However I remain short-term bullish, expecting the Dow Jones to make additional BEV Zeros in the BEV chart below come this spring or summer. These anticipated (but not guaranteed) new all-time highs will be the last hurrah of a monster bull market that began in August 1982. Following them come the deluge; a deflationary bear market that will claw back most of the inflationary gains seen since Ronald Reagan was president.