Today's animal spirits is brought to you by Y-charts, a listener emailed this past weekend.

Said, not sure if you guys have covered this in the podcast, but Vanguard's International

Developed EFA ETF has finally reached a new high for the first time since Freakin' 2008

financial crash happened a week ago, pretty cool.

So I punched this into Y-charts, VEA is the ticker, it's the Vanguard footsie developed

markets ETF, and sure enough, this thing topped out in summer of 2007, which is not too

far from when it actually first became a product, on a price basis, and just recently

took that out.

And this is probably a psychological thing, but we always really glum onto these highs

and lows.

And I like the Y-charts feature where you can add in the high and the low, whether it's

the price or the return or whatever it is.

As you can see now, I think if technical analyst Michael would say this is a breakout

situation, potentially from old highs, but I also did the returns on this.

So for all my charts, not a fan of multi-year potential resistance, in other words, the

idea of supply and demand means that there will be supply because people that have held

are now getting back to even.

Okay, you didn't need to get so serious about it.

No, I'm just saying.

I'm just saying.

I think all the buyers from 2007 are pretty washed out at this point.

Okay, go on.

...