Fearsome Breakouts

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For a long time now, I’ve been able to shrug off the bull market based on the fact that the very long-term charts, including ratio charts, were topping out. I’m afraid even these long-term charts are breaking out to the upside. I’m not sure what this means. Maybe 100,000 is on the way for the Dow Industrials after all.

All World Index divided by Gold

Dow Composite divided by Money Supply

France CAC-40 Futures

German DAX Futures

MSCI EAFE Index Futures