S&P500 Performance In Perspective

The NY Times ran an eye catching graphic earlier this week in honor of the S&P500 finally reaching the level set at the close of the previous decade (Dec 31, 1999, otherwise known as the beginning of the end of the bubble). It re-indexes the market by currency, and provides a good picture of the impact of dollar devaluation as well as rising commodity and housing prices.

 Conclusion? The market gains of the past few years have not been what they appeared.

Hat Tip: The Big Picture

4 Responses to “S&P500 Performance In Perspective”


  1. 1 Tony Blur May 10th, 2007 at 4:14 pm

    Worst President ever.

  2. 2 chuck goolsbee May 10th, 2007 at 6:12 pm

    An insightful cut of the analytic knife. The news from Wall Street has had a hollow ring to it, and this does illustrate why.

    –chuck

  3. 3 dano May 10th, 2007 at 8:27 pm

    But isn’t the relevant information the trendline, as opposed to the point? That is, the endpoint of the “in dollars” graph shows that the index has just now reached what it was about 7 years ago, but the trend shows pretty steep increase with no inflection point to a decrease.

    (I’m not being argumentative here, and I am not a finance guy. Just curious about how to further interpret this.)

  4. 4 Bandgap May 16th, 2007 at 12:12 pm

    It means that the world economy has gone back to medieval times, so we should dump paper and start buying ingots, barrels, bushels, and acres.

Leave a Reply




The Nyquist Condition


This website incorporates no offer, nor solicitation of any offer, to buy or sell any security or investment.

DISCLAIMER

Nyquist Capital is powered by WordPress 2.1.3, K2 and 3 Column K2
RSS Entries and RSS Comments