Concerned? I'm looking forward to profiting from it. (Although I'm not looking forward to the socioeconomic destruction.) That ratio has bottomed consistently between 1 and 2 in 25-30 year cycles. Each bottom corresponded to a frightening time in our economic history, as well as the world's. Without even claiming this time is/will be worse for the Dow, we should expect a ratio of between 1 and 2. It's hard to find a scenario where POG doesn't run up big time.

Strike