a steady lengthy-time period upward trend, to me it seems to point out alternating durations of excitement and disinterest. For example, the durations from ’33 to ’65, and from ’82 to ’99 had been periods of excitement. From ’33 to ‘sixty five the average return was about 7{32ca7afe7dee7544c8399175d2ef8534bc96e8dfec63ac1022e945a6adaba39c} per 12 months, plus dividends – for a complete of roughly 10{32ca7afe7dee7544c8399175d2ef8534bc96e8dfec63ac1022e945a6adaba39c}. From ‘eighty two to ’99 the typical return was about 15{32ca7afe7dee7544c8399175d2ef8534bc96e8dfec63ac1022e945a6adaba39c} per 12 months, again plus dividends – though dividends in current decades have been considerably smaller than they have been in earlier many years.
iM further refines the BCI Index by utilizing a method to obtain a six-month smoothed annualized growth charge of the BCI that they call the BCIg (g is for growth). When the BCIg crosses the red zero line while on a downward trend on the chart beneath, a recession is imminent and it is time …