Captain’s Log

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I've been doing some late night reading, thinking, and analyzing. I've got some interesting things to show on Thursday. In the meantime – – and remember, I normally don't use arithmetic charts, but they do have their place – – I offer below the chart of the $INDU over the past dozen years or so………

1014-indu

My assertion, after looking at a graph like this, is as follows: anything who thinks we are on the cusp of a new bull market is smoking some serious weed. So there ya go.