The first chart is the DJIA divided by the CPI Index (overall level, not annual change). A return to the 2000 level would be a roughly 50% inflation-adjusted decline.

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The first chart is the DJIA divided by the CPI Index (overall level, not annual change). A return to the 2000 level would be a roughly 50% inflation-adjusted decline.

Editor’s note: Although the charts below, provided by LZ, offer an eye-opening and curious perspective into the relationship of the US dollar to the Mexican Peso vis a vis market volatility, the title of this post is obviously mine, so don’t blame the poor man.

Well, if I may offer the bears a faint wisp of hope – – and God knows we need it – – International Business Machines just had a massive failed bullish breakout pattern.
