Stocks and real estate are dead for 4 years during the cleanup.
See that housing and gold are inverse. When housing started to recover in 2012, and
XHB was +50% YoY.
GLD went sideways and then crashed in 2013. GDX return same as GLD…
GLD 2.4X vs 2.7X.

Also OEX hit 0 at last bottom…and showed downtrend at end of 2014!

TECK up also 2 months after QE starts.
