
This picture from Crossing Wall Street says it all.
"This doesn't include dividends.
From February 9, 1966 to yesterday’s close, the Dow gained 562.7%. The CPI from February 1966 to January 2009 (we'll get February's report on March 18) rose 559.8%.
That works out to a real gain of 43 basis points stretched out over 43 years."
Wow.
1 comment:
Bonds are overvalued
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