from Silver Vigilante:
I mentioned in my article yesterday that saving is the new investing. A glance at five year graphs across the board pretty much demonstrate this point. Other than day traders, there’s not much long-term appreciation. And, even for day traders, the increasingly volatile conditions on the markets are making price movements increasingly difficult to predict. Below is the 5-year chart for the S&P 500. At the onset of 2007, at 1450.00, it stood on the edge of a precipitous price drop below 700.00 in 2008-2009. Today, nearly four years later, the S&P 500 hangs 100 points off its high.
The Dow Jones Industrial Average comprises the same storyline. In 2007, at 12,700.00, it stood on the precipice of a fall down to below 7,000.00 in 2008-09. Over the following years, until now, it clawed its way back to about even with its beginning of 2007 price.
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