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The S&P 500 index was at around 1,300 at the beginning of 2008. It's at around 1,700 today -- actually, a record high. Of course, it reached as low as 700 to
by pdog 13y ago
The S&P 500 index was at around 1,300 at the beginning of 2008.
It's at around 1,700 today -- actually, a record high.
Of course, it reached as low as 700 to 800 in March 2009.
- yapcguy 13y agoQuantitative easing is great... Mugabenomics forever! "Priceline.com became the first company listed in the S&P 500 to trade at $1,000 in the index’s 56-year history." http://blogs.wsj.com/moneybeat/2013/09/18/on-a-day-of-records-for-stocks-priceline-trades-above-1000/ http://blogs.wsj.com/moneybeat/2013/09/18/on-a-day-of-record...
- seanmcdirmid 13y agoInflation has more to do than with overt quantitative easing. Also, share price has no direct correlation to overall valuation; you have to throw in the number of shares and multiply.
- MichaelApproved 13y agoQuantitative easing = inflation.
- seanmcdirmid 13y agoQuantitative easing causes inflation. Inflation does not require quantitative easing.
- MichaelApproved 13y agoUsing equals was incorrect. I should have said: Quantitative easing -> inflation
- tedunangst 13y agoBerkshire Hathaway, at $175,000 per share, would have set that record long ago, except the S&P has some fairly arbitrary rules that exclude it. Point being, stock price means nothing.