RE:RE:RE:RE:RE:RE:RE:RE:DXY is on a bungie cordmegacopper wrote:
Global1966 wrote: The longest bear market in recent times was the Great Depression 1929 to 1935.
The price of gold was fixed by the US govt back then.
If you accept that a prolonged bear market will result in deflation (I'm no expert) then you want to be in the big gold producers.
Homestake paid out record dividends in those 6 years and its share price rocketed.
Mind you this time around, the price of gold isn't fixed and there is a growing appetite for cryptos, so things may be a little different but still positive.
That bear market during the Great Depression lasted longer than 6 years. It wasn't until 1952 that the Dow Jones Industrial Average got back to its 1929 high. Although I'm not sure where they said it officially ended. And in the 1920's it went up at least 500%. Does that sound familiar to what the Dow has done in the last 10 years. Hmmm
The Dow Jones Industrial Average was 7265 pts on March 20 / 2009 and here we are 12 years later and it has risen 500%. However, it has had tremendous runs like this in the past. Most notably from 1921 to 1929 and 1949 to 1966 and from 1982 to 2000. It is very interesting. The pandemic induced Bear market in March to November 2020 was one of the shortest Bear Markets ever. It seems the last few Bear Markets have been very short lived. Just some food for thought.
https://en.m.wikipedia.org/wiki/Closing_milestones_of_the_Dow_Jones_Industrial_Average