Chart of the Week
The price patterns for the Dow Jones Industrial Average (Dow) for two five-year periods, 1995-2000 and 2009-2014 are surprisingly similar. The two scales, left and right, are not exactly the same but they are pretty close. To be specific, the LHS extends exactly 3.0X bottom to top and the RHS is 2.83X, close enough to the same for a rough comparison.
Video discussing this chart follows the Read more >> jump.
The two advances cover nearly the same path over the two five year periods, each rising a little less than 3-fold. Is this enough of a match to make you wonder how close to a market top we currently are?