How low can you go

I stumbled upon this graph the other day which really stunned me. I have an investment friend, F, and the other day he idly wondered where the bottom in the markets might be. This graph represents the inflation adjusted DJ Industrial average from 1949 to the present. That big dip in the middle is 1982. Draw your own conclusions. Double click on the image to enlarge it.

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About cal48koho

I was born in Montana and raised in a dozen Air Force SAC bases. I attended Holy Cross,West Point and UNC in Chapel Hill(MD"71). Army doc in the last years of the Viet Nam fiasco. My wife and I live in a log cabin I built in Jackson Hole in 1975 when we aren't on our Cal 48 yawl. I've done a dozen different jobs and retired from ER and Anesthesia in 2004. I've written magazine articles and am writing a Kunstleresque novel about life in a past Peak Oil world. We are living in a beautiful alpine setting where we hike and ski when we're not thinking about economics and spreading the implications of PO to anyone who will listen.
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