Monday, July 14, 2014

Buy and hold investors from the Aug.'00 high have made all of 1.32%/yr through May 2014

The August 2000 level of 2045 was the inflation-adjusted all-time high for the S&P500. Average annual returns adjusted for inflation have been a paltry 1.32% since then, indicating how steeply valued stocks were at the time: The Shiller p/e was 42.87. h/t politicalcalculations.blogspot.com