View: fredgraph.png (700×718)

fredgraph.png (700×718)


Mr. WizardMr. Wizard
Holy sheet, that's high. 
Here's another one. 
"How bearish is the indicator currently? According to a simple econometric model based on the historical relationship between the indicator and the stock market, the indicator is projecting that the S&P 500 will produce a total real return of minus 4.2% annualized over the next decade."