ZETLOCK'S MONTHLY NEWSLETTER

May 2010

Technical Analysis

History of Wall Street

The average P/E (price to earnings) ratio of S&P Composite stocks was 32.6 in September 1929, clearly above historical norms. Most economists view this event as the most dramatic in modern economic history.

Gold

Gold

Word of the month

Agflation: An increase in the price of food that occurs as a result of increased demand from human consumption and use as an alternative energy resource.

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