The Dow Breaks Nine Times Gold
In addition to making an all-time high yesterday, the Dow just reached another milestone — it’s now more than nine times gold.
Peter Schiff, a well-known market bear and gold bug, said that gold and the Dow would eventually reach parity. The ratio reached a low of 5.7 eighteen months ago. In August 1999, the ratio peaked at 44.59.
Posted by Eddy Elfenbein on March 6th, 2013 at 10:51 am
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Does anyone have a suit of armor, jet skis and a blowtorch I can borrow/rent? There's an experiment I'm working on.
This is pretty amazing. US elections combined since 1924:
GOP: 1,058,301,749
DEM: 1,057,846,951
Oth: 88,548,252Unemployment spikes in Washington, DC
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 