another scary chart... history repeating it self

Coming back to how history often repeats itself, another way to look at bubbles is their market weight within the S&P 500 and there have been two major bubbles in the past half century from which we can compare the present bubble in consumer related sectors (finance and consumer discretion). Using the energy 1980 bubble peak and the technology 2000 bubble peak, the consumer related sector peak is right on schedule in which it’s final leg down may continue for another two and half years with a bottom projected in the second half of 2012. The image above and below should be taken seriously for those overweight the consumer via the financial and consumer discretionary sectors. (again, work from Chris Puplava PFS Group, Fundamental Analyst)