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<p>[QUOTE="baseball21, post: 3377090, member: 76863"]It definitely is that it isn't a good indicator just like the DOW isn't a good indicator of stocks. Anything that is a catch all never really shows what's actually happening. Bull and Bear markets always have sections performing in the opposite manner. </p><p><br /></p><p>The DOW was reaching records highs yet GE was crashing, during the crash with the PM run up there were still stocks doing very well etc. It applies to whole sections too where the energy sector can be doing the opposite of the market charts.</p><p><br /></p><p>As far as coins I do call it a hot mess because it is everything and some of which are randomly selected grades or appear to be. 1793 Chain Cents shouldn't be in the same charts as 1937-D MS 62 Buffalo Nickels as one of countless examples. Classic commems have been falling for decades, common date common grade morgans falling for quite some time as they should be and it goes on and on. It's a wonder that it ever actually is able to go up at all which is only a reflection of the true strength of many areas but catch all charts will never tell you that.</p><p><br /></p><p>The point is that the broader a chart tries to be the less useful it actually is and once it's about everything it's really telling you nothing.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 3377090, member: 76863"]It definitely is that it isn't a good indicator just like the DOW isn't a good indicator of stocks. Anything that is a catch all never really shows what's actually happening. Bull and Bear markets always have sections performing in the opposite manner. The DOW was reaching records highs yet GE was crashing, during the crash with the PM run up there were still stocks doing very well etc. It applies to whole sections too where the energy sector can be doing the opposite of the market charts. As far as coins I do call it a hot mess because it is everything and some of which are randomly selected grades or appear to be. 1793 Chain Cents shouldn't be in the same charts as 1937-D MS 62 Buffalo Nickels as one of countless examples. Classic commems have been falling for decades, common date common grade morgans falling for quite some time as they should be and it goes on and on. It's a wonder that it ever actually is able to go up at all which is only a reflection of the true strength of many areas but catch all charts will never tell you that. The point is that the broader a chart tries to be the less useful it actually is and once it's about everything it's really telling you nothing.[/QUOTE]
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