Skip to comments.Anti-1929 chart shows the bull marketís longevity ó or that data is malleable
Posted on 03/19/2014 3:22:04 AM PDT by Red in Blue PA
By now youve probably heard about the scary parallel chart that some analysts were using to compare the current equity market with the period right before the 1929 crash (left). But how about the chart thats so great for stock investors that its scary?
In a twist on the oft-used and oft-criticized method of overlaying one chart on top of another to predict what the future holds for stocks, one firm finds that stocks have quite a climb ahead of them. The investment outlook, from Stansberry Research, compares the market returns since the S&P 500 index SPX +0.72% bottomed out at different points. Juxtaposing the 2009 bottom to those in 1942 and 1974 apparently shows that the S&P 500 index is poised to rise another 300 % to 400%.
(Excerpt) Read more at blogs.marketwatch.com ...
Just wonder what the inflation rate in the 20’s was compared to the true inflation rate of the present day?