Nostalgic Bulls

The Merriam-Webster Dictionary defines the term Nostalgia as “a wistful or excessively sentimental yearning for return to or of some past period or irrecoverable condition.” This is a great description for the recent price action in both Gold and shares of Apple, both of which have just spent the last seven days on an absolute tear.

Andrew Nyquist posted the below chart one week ago on August 11th just before both ran up. He saw some similarities in the “bull market structures” of Apple and GLD and, from experience, I can tell you that sentimentally speaking, the two have very similar shareholder bases.

In both cases there is an emotional attachment as well as a remembrance of better times during which they were “treated nicely” by the investment.

Chart

Source:

See It Market

What's been said:

Discussions found on the web
  1. best wig salon commented on Sep 25

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2013/08/19/nostalgic-bulls/ […]

  2. classic facebook commented on Sep 25

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2013/08/19/nostalgic-bulls/ […]

  3. ตู้แปลภาษา commented on Oct 24

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2013/08/19/nostalgic-bulls/ […]

Read this next.