Hey everyone, 100 years ago, this week, the Dow Jones Industrial Average bottoms and the most notorious bull market in history begins. This paved the way for the roaring 20s. Stocks in 1921 were dirt cheap, but very few cared or wanted to own them. If you bought in 1921, you'd have a 500,000% return today. $100 would be worth be $500,000. Link to this week, August 22-28: https://roaring20s.substack.com/p/august-22-1921 Quick Stats: DJIA: 64.52 (Today: 35,120) Shiller PE Ratio: 5.2 (Today: 38.6) Federal Reserve Bank of NY Discount Rate: 5.5% (Today: 0.25%) GBPUSD: $3.64 (Today: $1.36) Price of The Wall Street Journal: $0.07 (Today: $4.00) Market-Moving Themes: Stocks remain sluggish in the face of extreme value and rate cut rumors (equity, debt markets) Raw material (sugar, oil, rubber, etc.) prices continue easing as wartime shortages abate (commodity markets) German reparations hang over foreign exchange (currency markets) Thank you!
%% I like WSJ, IBD 52 weeks old also......................................................................Good read. WE have many more safety nets now, including but not limited to/ bank insurance.
That's just the broad, relatively dull, average across everything in the market. Imagine if you had superior market picking/timing skills, specially with the use of leverage/options...that 500,000% return...would be something along like 50,000,000% return. A difference of going to the moon...versus...going into another galaxy, or near the edge of the known universe.
Never post again. Retire as a champion. You have the the highest ratio of likes to posts 9:1 ever seen on ET.