Long term is working its way up into overbought territory as well.
Medium term has flatlined.
Short term has slowly descended.
This provides a little bit more context since it goes back to 2009. We are nearing the previous highs of 2012 for the percent of stocks over their 200 day moving average. Notice the descending peaks since 2009 and the overall extreme current value.
"When you recall that one of the first moves by Lenin, Mussolini, and Hitler was to outlaw individual ownership in gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty."
Congressman Howard Buffett (Father of Warren Buffett) from a 1948 issue of the Commercial and Financial Chronicle )
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