in 1994 I paid $0.95 per gallon. in 2008 I pay $3.50 per gallon. in 1994 spend about $600 per month on food in 2008 spend about $2000 per month. In Sherman Oaks (Los Angeles) area you could rent 2 bed apartment for about $800 today $2000
We've had 25 years of near constant asset inflation (in one form or another). That's a generations worth of "conditioning". You'd be hard pressed to find a significant percentage of people under the age of say 50 who don't believe in this same drivel that Blackguard is spewing. Then again, hardly anyone remembers the 1970's either.
How do you calculate this? The S&P is up 6 fold since the bottom of the crash. Thats 10k to 60K. The dividend yield on the S&P over the last 20 years has averaged about 2%?? Cant see the divis making the difference upto to 133K.
By multiplying the results by 2, so it would look better. If we take Balda's post of inflation being 300% since then and the stockmarket up 600% it is much less impressive immediatelly...
comparing 1929 to 2008 is like comparing apples to oranges. computers were not around in 1929 cp's were not around the internet was unheard of quants were unheard of black box trading models were unheard of etc........ so, let me as my question again. when has a US market gapped down 5% or more and not started a long term bull rally?THIS IS A MAJOR BUYING OPPORTUNITY. enough said. blackguard
So buy it up and lose your ass. I'm sure there are plenty of shorts that would love to spend your savings on cars and gold chains. ~Cx