Not sure if you noticed, but that group of widely-held issues collectively making up the Dow Jones Industrials Avererge — a major U.S. index whose place in modern society I became aware of sometime shortly after becoming school-aged — has risen just about 61.8% off March '09 bottom.
Now in the school of Elliott where I graduated many years following kindergarten I discovered the increase in rabbit population starting from a single male-female pair will trend toward 61.8% after but a few generations, and so began the journey to my gaining possession of sound financial analysis in whose substance I now can claim the market's get up and go musta got up and went...
(Judging by volume performance off March '09 bottom — particularly since early-July — the mantra characterizing the Dow's advance might better be, "Hey buddy, can you spare a dime's worth of fear?")
Therefore, with the index of widely-held issues approaching a 61.8% gain, you invariably arrive at this picture of a broken bull, well past its prime, singing, "You can't catch me cuz the rabbit done died."
Yes it did.
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