S&P 500 priced in Gold / Chart

got gold..... ?

Yesterday, and again today, the S&P 500 (blue line) made a new all-time high (red line). This is an impressive feat considering the severity of the dot-com bust. For some perspective, however, today's chart also presents the S&P priced in another world currency -- gold.

For example, it currently takes 2.32 ounces of gold to “buy the S&P 500.” This results in what is referred to as the S&P 500 / gold ratio or the cost of the S&P 500 in ounces of gold and has been overlaid onto the chart (gray line) of the S&P 500 for ease of comparison. When viewed in this way, the 2002 to 2007 rally isn't nearly as impressive and, in fact, hasn't really been a rally at all. This goes to show that the yardstick matters.

disclosure: long gold, goldbugs/hui,

A Comeback for the S.&P. (If the Yardstick Is Dollars) / NYT

so much for the new (nominal) highs for the s&p 500 ..... click on the headline if you want to read the related story. but i think the charts speaks for themselves.....

so viel zu den neuen (nominalen) rekorden der us märkte......klickt bitte auf die überschrift um den dazugehörigen bericht zu lesen. ich denke das in diesem fall die charts für sich selbst sprechen.....


größer/bigger http://tinyurl.com/2gaktl