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I mean nothing more than that if you were to put the S&P 500 graph over the last 15 years and extremely naively look at it, you'd conclude it was very high at t

I mean nothing more than that if you were to put the S&P 500 graph over the last 15 years and extremely naively look at it, you'd conclude it was very high at the moment. High based on what metric? When I look at this graph, it looks like it's been relatively flat for the last half decade: http://i.imgur.com/3gIwjbh.png http://i.imgur.com/3gIwjbh.png

sokoloff 11y ago
What? This looks flat to you?! : http://finance.yahoo.com/echarts?s=%5EGSPC+Interactive#{"range":"5y","allowChartStacking":true} http://finance.yahoo.com/echarts?s=%5EGSPC+Interactive#{"ran... It's up 53% over that 5 year period, for a CAGR of 8.9% (excluding dividends).
- ktRolster 11y ago
  Yeah, you're right, it's more like flat over the last three years
  - meric 11y ago
    How do you look at that chart, say "it's flat the last 3 years" and ignore the three boom bust cycles before it?