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Did you really just toss out a market graph going back to 1880 in a discussion about how the market is reacting to news today? Maybe try this one: http://pric

• JumpCrisscross 5y ago
  > a market graph going back to 1880 in a discussion about how the market is reacting to news today? Centuries and decades (your graph) are similarly useless in evaluating intraday reactions. These data are widely available [1]. American equities are up, in real terms, for almost any reasonable time interval. Pricing the S&P 500 in gold is a convoluted way of looking at it, but for purposes of discussion, even that chart shows a 2022 decline followed by a recent rally. All up from the last few years. At par with 2006, which sounds dismal, until one consider the chart shows the S&P 500's price, not total return. The S&P 500 currently spits out a 1.45% dividend yield [2]. Someone who bought the S&P 500 in 2006, a terrible year, is unambiguously better off than someone who bought gold. In nominal terms. In real terms. In gold-priced terms. [1] https://data.nasdaq.com/data/MULTPL/SP500_INFLADJ_YEAR-sp-500-inflation-adjusted-by-year https://data.nasdaq.com/data/MULTPL/SP500_INFLADJ_YEAR-sp-50... [2] https://www.slickcharts.com/sp500/yield https://www.slickcharts.com/sp500/yield