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A substantial part of the difference he's pointing out just comes from using the NYA index instead of the S&P 500. Between the 2007 peak and the end of 2017 wh
by throwaway9d0291 8y ago
A substantial part of the difference he's pointing out just comes from using the NYA index instead of the S&P 500.
Between the 2007 peak and the end of 2017 when he published this, his NYSE index gained only 20% (https://goo.gl/bWuBvQ https://goo.gl/bWuBvQ), while the S&P 500 index, which is what people actually use and invest in (http://etfdb.com/compare/market-cap/ http://etfdb.com/compare/market-cap/), is up more like 70% (https://goo.gl/pFZW9X https://goo.gl/pFZW9X).
Inflation may have had an impact on his specially chosen index but the index most people use to invest is certainly worth a lot more than it was in 2008.