As a long-term reference, below are charts depicting various stock market indices for the dates shown. All charts are depicted on a monthly basis using a LOG scale.
(click on charts to enlarge images)(charts courtesy of StockCharts.com)
The Dow Jones Industrial Average, from 1900 – June 30, 2017:
![DJIA since 1900](https://www.economicgreenfield.com/wp-content/uploads/2017/07/EconomicGreenfield-7-2-17-DJIA-since-1900-1024x589.png)
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The Dow Jones Transportation Average, from 1900 – June 30, 2017:
![DJTA since 1900](https://www.economicgreenfield.com/wp-content/uploads/2017/07/EconomicGreenfield-7-2-17-DJTA-since-1900-1024x589.png)
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The S&P500, from 1925 – June 30, 2017:
![SPX since 1925](https://www.economicgreenfield.com/wp-content/uploads/2017/07/EconomicGreenfield-7-2-17-SPX-since-1925-1024x589.png)
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The Nasdaq Composite, from 1978 – June 30, 2017:
![Nasdaq since 1978](https://www.economicgreenfield.com/wp-content/uploads/2017/07/EconomicGreenfield-7-2-17-Nasdaq-since-1978-1024x589.png)
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 2423.41 as this post is written
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