In this item yesterday, Eddy Elfenbein at Crossing Wall Street provides more evidence that U.S. equity markets are doing a pretty good job of “rhyming” with the 1970s.
Also see Paul Farrell’s related commentary in which he notes that retail investors in the U.S. are “predictably stupid” and that’s the way Wall Street likes it.
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
“Shares are always good in the long run”, as they say.
I wonder what a longer term trend would look like, going back about 40 years.