Disagreeing with Jeremy Grantham’s bubble call
Among other factors, indicators of extremes of euphoria seem much more important than price
charts
Chart distortions that drive me crazy
Going parabolic and other lies
Use of charts and statistics to identify bubbles
The S&P 500 appears to cross through the two standard deviation channel in mid-1996.
The common misuse of charts
These charts tend to exaggerate recent prices and understate older prices. As the time period increases the distortions of the chart increase.
You must be logged in to post a comment.